Thursday, April 10, 2014

Judge Accepts Plea Deal in SAC Insider Trading Case | Steven Cohen, founder of SAC Capital Advisors | pay $1.2 billion .. to government .. shutting .. to outside investors 

Steven Cohen, the founder of SAC Capital Advisors.  
Justin Lane/European Pressphoto Agency 
Steven Cohen, the founder of SAC Capital Advisors.  SAC Capital Advisors, the once-mighty hedge fund whose investment returns were long the envy of Wall Street, is now a convicted felon.
A federal judge on Thursday approved a plea deal that federal prosecutors struck last year with SAC, the firm run by the billionaire Steven A. Cohen. The deal to resolve insider trading charges, which coincides with Mr. Cohen moving on to his next trading vehicle, requires SAC to pay $1.2 billion to the government while shutting its doors to outside investors. SAC also had to plead guilty to criminal charges, which it did in November.<<

Steven Cohen’s ex-wife dished to FBI By Kaja Whitehouse December 18, 2009

The ex-wife oh hedge fund billionare Steve Cohen is ramping up her legal fight – in which she accses CoHen (center) of racketeering and insider trading – by taking the story to the FBI agent B.J.Kang, who is emerging as the most feared man on Wall Street
Hedge-fund billionaire Steven Cohen’s ex-wife Patricia Cohen alerted the FBI of his ...

1 comment:

  1. Criminal Fraud, pays enough of the criminal fraud, that is paid to be sure the criminal fraud isn't too criminally fraudulent, and then the fraud reaches critical mass, always.

    Criminal Fraud doesn't get past the real love in the reality of life's nature in earth!