While the Bush and Obama Administrations let Wall Street slide for causing the 2008 financial crisis and fraudulent foreclosure activities afterward, one hedge fund may finally face charges after years of questionable conduct. SAC Capital, led by billionaire Steve Cohen, has been under investigation for insider trading for a good deal of its history, now it is reported that the firm will face criminal charges.

Federal prosecutors are preparing to announce criminal charges as early as this week against SAC Capital Advisors LP, the hedge-fund company that has been the target of a multiyear investigation into alleged insider trading, according to people familiar with the matter.

The planned charges against SAC would mark the culmination of a yearslong probe into suspected securities fraud at one of the biggest, most successful hedge-fund firms in the country.

Cohen himself is unlikely to face charges. While he is implicated in the probe it appears not enough evidence could be mustered to charge him personally.

Prosecutors, however, are not planning to file charges against Cohen personally, the people told the paper.

Cohen is already fighting a noncriminal proceeding brought by the Securities and Exchange Commission earlier this month accusing him of ignoring “red flags of potentially unlawful conduct.” The SEC contends that two SAC portfolio managers elicited inside information on Dell Inc in 2008.

So Cohen again escapes justice, but SAC Capital is in serious jeopardy. Criminal charges will likely instigate more clients withdrawing money from the firm. Cohen himself is also facing SEC charges for failing to supervise his employees, a penalty which carries no jail time.

And, of course, should some of Cohen’s employees feel the urge to get out from underneath some charges they may offer Cohen himself up to prosecutors. This could just be the beginning of Cohen’s legal troubles.