Fighting securities fraud is hardly a job for 007, but there was plenty of James Bond in Thursday's news conference by the Securities and Exchange Commission to announce charges brought against 13 additional people in a widening insider-trading case.

The announcement brought to 21 the number of people facing civil charges in the case that alleges a network of insiders passed tips to the hedge fund Galleon Group. The spy drama, however, came during remarks by Robert Khuzami, director of the SEC's enforcement division.

Khuzami told how defendant Arthur Cutillo allegedly used attorney Jason Goldfarb to pass inside info to Wall Street trader Zvi Goffer. Where's the James Bond angle you ask? Goffer was referred to by the alleged insiders as "Octopussy"_ as in the character from a James Bond film_ because he had tentacles in so many sources of insider information.

But here's the better Bond stuff. Khuzami alleged that Goffer covered his tracks with disposable cell phones with pre-programmed numbers labeled "you" and "me." Once the insider trading was complete, the SEC alleges, Goffer took out the phone's SIM card and destroyed it by biting it. Then he broke the phone in half, threw away his half and instructed the tipster to dispose of the other half.

"Needless to say, these antics might be appropriate in a James Bond movie," Khuzami said.

Well actually gorgeous women, fast cars and lots of explosions are the trademarks of a Bond movie. Disposable cell phones aren't quite top Bond thriller material.

Not withstanding that disconnect, Khuzami's yarn was still a pretty intriguing one by Wall Street or Washington standards.