Arthur Cutillo, Jason Goldfarb, Zvi Goffer, and Craig Drimal have been arrested. Cutillo (of Ropes & Gray), Goldfarb, Goffer (Incremental), and Drimal (Galleon) are among insider trading arrests added today to the growing Galleon Group case first profiled on LALATE.

In total 14 arrests Thursday.

Zvi Goffer is a former Galleon employee. Craig Drimal works in the Galleon’s New York office. Goffer is according to FBI is the alleged ringleader. Goffer founded Incremental Capital LLC. Involve in his alleged scheme were pre-paid cellphones.

Arthur Cutillo and Jason Goldfarb are attorneys and among five lawyers arrested today. The charges for the 14 range from conspiracy to fraud.

U.S. Attorney Preet Bharara said today – “If you’re a wealthy trader, you aren’t special. Knock on our door before we come knocking on yours.” In total $40 million was believed a part of the insider trading scheme.

Cutillo works at Ropes & Gray. It issued a statement today – “We are deeply disappointed to learn about this situation which suggests an extreme breach of this person’s duty of trust to our clients and to the firm. We cannot comment in detail on an ongoing investigation ut we are moving quickly to protect our clients and are cooperating fully with authorities.”

For continuing coverage of the other arrests today on LALATE, click here:

http://news.lalate.com/category/money.