“Doesn’t really help me further, other than it just being ‘fraud’.” Shows a correct understanding of what wire fraud is. It’s an incredibly broad category, mean

“Doesn’t really help me further, other than it just being ‘fraud’.” Shows a correct understanding of what wire fraud is. It’s an incredibly broad category, meaning basically any fraud that happens at distance that doesn’t involve a physics means of communication like mail. In this case, because the trades were made via digital communications, it’s wire fraud. The reason you hear “wire fraud” so much is, as you might be able to guess, the vast majority of fraud these days takes place over the web. In this case the indictment is “wire fraud in connection with a scheme to commit insider trading”. So it is both wire fraud and securities fraud. Generally speaking, the relevant information will be whatever specific fraud they are accused of committing over the wire, and not that it is the incredibly generic term wire fraud.