The first comment sums it up, somehow. The Treasury is doing a good enough job of wrecking the UK economy all by itself. There is no need for cyber-attacks!
Ive had difficulties in uploading lately. A number of postings over the last three months dont seem to have made it to the blog, for which I apologise. I will try harder!
There is a feeling that this conviction is a sort of PR sop to those who want to see some financiers punished for the economic crisis. This case began long before the credit crunch and I would expect it to be appealed. The use of wire-tap eveidence is of great significance as it has historically only been used against organised criminals, not against white-collar crime.
Its the lack of judicial supervision of the whole process in the UK that worries me, not the existence of the software or the Met’s purchase of it
This is a big insider trading case. There is no doubt that it will be appealed. Nor is there doubt that there will be Manhattan prosecutions of others, and that there will be implications for the City of London. But, as it says in the article, there is still pressure to bring some prosecutions relating to the financial crash. This was not such a prosecution.
The Moscow Times refers to the arrest as part of a “turf War” between the Investigative Committee and the Procurator’s Office…Odd! Investigative Committee used to be part of Procurator’s Office until relatively recently.