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Nov. 5 (Bloomberg) -- U.S. prosecutors charged 14 people,including hedge fund managers and an ex-employee of GalleonGroup, as part of its probe of an alleged insider trading schemetotalling $40 million. Five of those charged pleaded guilty.

Zvi Goffer, a former Galleon employee, and Craig Drimal,who worked at the Manhattan firm’s offices, were arrested today,the FBI said. Goffer, the alleged ringleader of the scheme andfounder of Incremental Capital LLC, paid his tipsters forinformation on mergers and acquisitions, and gave them pre-paidmobile phones to avoid detection, the government said.