"When sophisticated business people begin to adopt the methods of common criminals, we have no choice but to treat them as such," he said.

A month later, as he announced more arrests, he said "the alarm bells have only grown louder."

"How pervasive is insider trading?" he asked. "Is this just the tip of the iceberg? We don't have an answer yet. But we aim to find out."

Two weeks later, in November 2009, he said white-collar fraud had caused a "lack of faith in the economic system; a lack of belief in the markets; and a lack of trust that the playing field is level."

By last month, Preet was holding nothing back, saying that insider trading is "rampant and may even be on the rise." ARE WE GETTING CLOSER TO HOME!!!!!!