Why is the media trying to cover up this scandal? I had to dig deep to find out this on main news-sites:
http://money.cnn.com/2003/11/19/news/companies/traders_arrested/index.htmAgents arrest 47 Wall St. brokers in connection with a possible currency scam.
November 19, 2003: 10:11 AM EST
NEW YORK (CNN/Money) - Federal Bureau of Investigation agents arrested 47 foreign-exchange brokers late Tuesday in connection with an 18-month undercover probe into securities and currency fraud.
The FBI swarmed on New York City's Two World Financial Center shortly after 3 p.m. ET Tuesday and took away the traders in handcuffs, people on the scene told CNNfn. The building is mainly occupied by Wall Street brokerage Merrill Lynch, but Merrill Lynch was not home to the arrested brokers.
FreeStar Capital was one firm where traders were arrested, according to published reports. But a source involved with the currency trading investigation confirmed to CNNfn that several firms are involved.
"It's currency fraud, securities fraud," an agent at the scene of the arrests told Reuters. "It's been a long investigation." The agent asked not to be identified...
http://www.msnbc.com/news/995485.asp?0dm=C14KBWall Street firms probed for alleged foreign currency crimes
ASSOCIATED PRESS
NEW YORK, Nov. 19 — Several dozen Wall Street traders suspected of foreign currency exchange crimes have been arrested in a crackdown on a largely unregulated financial market, sources said...