These illicit profits have contributed to the political and economic destabilisation of Latin America, Afghanistan, the Caribbean and South East Asia.

BBC: DANNY KUSHLICK

Prosecutors disagreed, saying Newman tried to make millions of dollars in illicit profits for Diamondback to boost his compensation and increase his standing and reputation at the fund.

WSJ: Feds seek prison for Conn. ex-hedge fund manager

Yesterday in opening arguments, the U.S. said Rajaratnam used an illegal network of secret sources to earn millions of dollars in illicit profits, while his defense claimed he made decisions based only on public information.

FORBES: Galleon Group Trial Hits The Courtroom: The U.S. Vs. Rajaratnam

India's legalizing of gold imports in 1997 has dried up their illicit earnings from smuggling, while a relaxation of currency controls has reduced profits from money laundering.

CNN: TRAPPED IN THE BIG SQUEEZE