Report: Feds Tapped Steve Cohen's Calls In 2007, Nothing Happened

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Charlie Gasparino is on the scene:

People with knowledge of the matter tell the FOX Business Network that federal law enforcement officials wire-tapped conversations Cohen had in the early stages of their insider-trading probe, sometime around 2007 when former Galleon Group chief Raj Rajaratnam became a target of the investigation. However, the taped conversations Cohen had with government witnesses didn’t reveal any illegal activity, these people say.