Broker Used Spy Cameras and Private Eyes to Hunt Down a Leaker
- BGC, Tradition in London court over poaching of currency desk
- BGC used spy cameras to track information leak to rival firm
Photographer: Cesare Ferrari/Getty Images
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BGC Partners Inc. was concerned that a mole within its ranks was leaking information to a rival.
So it concocted a plan to spy on two of its brokers by placing pinhole cameras in the ceiling above their trading desks. Then, to confirm the identity of the recipient of the secret data -- one of two possible brothers -- it had photos taken by “surveillance agents” of a manager outside a pub.