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Sac Capital - Politics, Business, Civil, History - Posted: 4th Nov, 2013 - 5:54pm
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Steven CohenPost Date: 25th Jul, 2013 - 2:40pm / Post ID: #
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SAC Capital
SAC Capital
In a move that could deal a death blow to one of the country's largest hedge funds, federal prosecutors announced criminal insider trading charges against SAC Capital, the firm run by billionaire investor Steven Cohen.
The government alleges a pattern of insider trading that was "Substantial, pervasive and on a scale without known precedent in the hedge fund industry."
SAC Capital did not immediately reply to requests for comment. Ref. CNN
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Post Date: 4th Nov, 2013 - 5:54pm / Post ID: #
Capital SAC
SAC Capital to pay record $1.8 billion in fines to settle insider trading charges; settlement with federal prosecutors leaves open possibility of criminal charges against individuals. Ref. USAToday
TOPIC: SAC Capital