Insider trading scandal

There was a major insider trading scandle uncovered recently. A group of employees working for U.S. top banks were charged for insider trading, which dated back to the '80s. In addition, they were accused of using information and blackmailing to make millions of dollars. This case involves over a dozen people and four major Wall Street investment banks. About 8 million dollars were found from the accused. In all, 13 people have been arrested in the criminal case. This is one of the biggest wall street scandals since the 1980's.