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What To Expect When You're Expecting Your Spouse To Get Nailed By The Feds

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Have you been suspecting that your husband or wife may have involved him or herself in some insider trading? Are you worried that the Feds may know too? While there's not much you can do short of getting out of town or finding a safe house and laying low, you can arm yourself with the knowledge of what's in store and mentally prepare accordingly.

Today's tips come from Arlene Drimal, wife of accused insider trader Craig Drimal. Craig, who segued from a job as a bouncer at The Roxy to a gig at Galleon several years back, pleaded guilty to securities fraud yesterday. The FBI used wiretaps to catch him in the act, and while they were there, couldn't help but listen in on some "deeply personal and intimate discussion about [the Drimal's] marriage," including "intimate aspects of the relationship." So, that's Number 1: Government officials will be listening when you discuss spicing things up with the furry dice.

Number 2: Rudeness and 'tude:

The FBI officials told Mr. Drimal they "had recorded his conversations for a very long time, that they knew 'everything' about him and his family and friends and mentioned other personal factors leaving the distinct impression that our phones were currently tapped," Ms. Drimal wrote. The agents asked him to cooperate in their investigation and threatened to arrest him if he didn't, she wrote, adding that they said he could spend 25 years in prison. The couple "went up to our bedroom to discuss how to ensure privacy," as they discussed how to find a lawyer, Ms. Drimal wrote. "Feeling trapped, I recommended that we go to CVS [a drugstore] in Westport to buy a prepaid phone," Ms. Drimal wrote. "Immediately after I said that, FBI agent, David Makol, called and asked to speak to my husband. He warned him not to go out and get a prepaid phone," she wrote. "That terrified us and we felt panicked."

Number 3: Late night visits:

On Nov. 2, 2009, Mr. Drimal met with agents and prosecutors asking for his cooperation, she wrote, which he declined to give. Three days later, the couple—along with their 11-year-old son, who had crawled into their bed during the night—was awakened by the lights, bullhorn and pounding on the door, Ms. Drimal wrote. "I hurried down to the front door … on which they were impatiently banging as they hollered," she wrote, holding back their German shepherd and Staffordshire terrier. "As soon as I opened the door, numerous agents filed into the house," she wrote. "I noticed some of them touched their weapons, eyeing the Staffordshire in particular. I stood there crying silently, barely dressed and attempting to cover my chest with my arms and assured them the dogs were friendly," she wrote.

Number 4: PTSD and paranoia:

Ms. Drimal wrote that she has been treated for post-traumatic stress disorder. She worries about her children, including a daughter who asked recently if her father's legal troubles would affect her ability to get into law school or gain employment. "Just looking out my window in the morning when I wake up," she wrote, "reminds me of that arrest and violations of my privacy every day."

When The Feds Are Watching [WSJ]

Earlier: Federal Agents Couldn’t Help But Listen In On Weight Lifter Turned Accused Insider Trader Craig Drimal’s “Deeply Personal” Conversation With His Wife