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All right actually thanks for that now -- -- your first on Fox Business that.
There will be some progress on this massive insider trading investigation before the end of the year and -- reported that needs -- rest.
Are -- but how.
The FBI going about this investigation is Wall Street be treated like the mafia -- Charlie Gasparino.
Hear what the breakdown of how it's all happening now Charlie is Steve called the Don Cooley on if he is that it must be Clemens -- somewhere right.
It's not may have had -- -- -- that a problem all the little -- -- ankle commands as you can tell this -- that would interest in about this case.
Is that of regulatory sources -- on the fox does network that the FBI the Justice Department are using the same techniques the exact same thing techniques.
They used against the mob and against terrorism where it goes is simple like this there's a gentleman in the middle that they want -- -- Our sources -- Thomas among those top players in the middle Steve -- ahead of SEC capital's clearly on the radar screen there may be others but he's clearly in the middle.
And the other guys the lower level guys are the people that they're looking to sort of the rest -- gain information from.
And basically make the case against the top guys it's pretty sound simple but it is classic.
Mob related terrorist related investigation and that's exactly who what we have here so -- it's -- the question is.
Why they don't go after Steve Cohen -- as I was telling you guys.
Yesterday the big fish generally comes later here we should point out -- -- -- he's done nothing wrong he's.
They should -- justice subpoena he had -- got a notice of a target but what are -- -- -- sources -- saying.
Is that for all intents and purposes they are heavily look at that ACC capital as -- -- as one of the main -- is here.
However in order to get that you need some of the side people and you know as we reported earlier.
You know -- -- -- who John couldn't -- broadband research to business with Steve Allen.
He's clearly on the radar screen we should point out the -- can tells the Fox Business Network that just yesterday.
He's handed over documents to the to the FBI the Justice Department in the probe so he's is that -- it is arrests are possible arrest.
Is not is obviously not imminent we should point enemies to convince has done nothing wrong.
As well but there are other arrests that our that our regulatory sources -- tell us is clearly come in before.
Likely to come before the end of the year the best we can say is that the that the Justice Department and FBI are aiming for the end of the year of these arrests and it could be.
Imminent meaning you know who knows anything now but clearly about before the end of the year and that's how -- -- this case go -- lower level guys.
And you look for the godfather in the middle.
Charlie obviously when we talk about the mafia is to keep the analogy going yeah you can really -- buried a lower level guys on murder charges and racketeering and things like that.
Read what what -- punishments could it be for a guy -- with it and would it be enough.
For him to say look it's worth it for me to flip right now and -- spill the beans on everybody.
Well you know we're not at that point yet he's under investigation we know that but.
Click -- and where we're extrapolating a little and surmise here because listen here's the bottom -- Steve -- He's done he.
He's not been convicted of anything separate charge of anything merely a subpoena we should point that out clearly they have designs on SEC -- -- it's obvious just by putting stuff together.
But what could -- -- -- was -- like that is that you say listen.
-- you you face jail time we need to we need your cooperation we should point out that could who -- has so far not cooperated.
But others we understand are and you know the arrests are part of -- gaining that cooperation when you arrest someone.
You basically tell them listen we can give you a better deal if you coop.
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