Another SAC Trader Convicted Of Securities Fraud As Steven Cohen Enjoys Freedom

By: Friday February 7, 2014 11:31 am

On Thursday the eighth former employee of SAC Capital was convicted of insider trading. Mathew Martoma was found guilty of using inside information to recommend that SAC Capital sell shares in a pharmaceutical company. He faces up to 10 years in prison if the conviction stands. But the man behind the firm that bares his [...]

SAC Capital Indicted, Pleads Not Guilty To Insider Trading Charges

By: Friday July 26, 2013 10:23 am

SAC Capital has been formally indicted for insider trading and called a “magnet for market cheating” by federal prosecutors who said the firm had engaged in illegal securities trading from 1999 to 2010. While SAC Capital faced charges, its leader and principal beneficiary, Steve Cohen, was not charged. The 41-page indictment and prosecutors depicted a [...]

SAC Capital To Face Criminal Charges

By: Wednesday July 24, 2013 10:38 am

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 [...]

Steve Cohen Escapes Jail Time Pays $600 Million For Insider Trading Crimes

By: Friday March 22, 2013 5:57 am

The Teflon Trader slips away again. For those who don’t know, Steve Cohen of SAC Capital, number 36 on Forbes’ Richest Americans list, has been under investigation for a good deal of his career. The suspicion is always the same, insider trading. And now Cohen’s firm is part of a settlement to pay $600 million [...]

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