Bravo, again ! Last month Galleon’s boss was convicted on multiple counts of insider trading.  This week,  AUSA’s in New York  obtained additional insider trading convictions against former Galleon traders, as described here in Dealbook.

Now,  the NYT’s insightful and provocative financial reporter, Joe Nocera, is asking the right questions. They include asking whether 

Piracy on the water is now attracting investment capital and it’s being used to upgrade equipment, according to a U.S. Navy official and Bloomberg’s account of the story.   Bloomber’s story has more detail, but the opening  is set out below. As the Bloomberg story notes, crime flourishes when other work is not available. 

The article notes that many ships