SAC Capital Advisors indicted by a federal grand jury

lol, wall st will be lapping those guys up.

 

This so reminds me of the film Wall street.

Gekko was trading his own money.. but he would be a hedge fund manager for sure these days..

 

Bingo! Plausible deniability.

 

No he is well connected and has all the money to buy off the right people, sorry I meant hire the "dream team" of attorneys.

 

Raj Rajaratnam was also a billionaire.

 

So what he was/is a pudwaker compared to Cohen. No one in mainstream even heard of Raj every person has heard of Cohen and SAC. And Raj prob. could have got off but didn't want to play ball.

 

Prosecutors may seek as much as $10bn in penalties and disgorged profits from SAC - FT

 

Wow, say goodbye to the family office idea.

 

How can it be 10bn? He would be bankrupted.

 

By Charles Gasparino @CGasparinoJuly 25, 2013

A friend of mine of who knows Cohen personally said he ran into him at the MLB All-Star game at Citi Field, the home of the New York Mets, in which Cohen owns a small stake. Cohen “looked terrible…and he’d gained 15 pounds” since the time the two met just a month or so earlier. More than that, my source told me, Cohen conceded that his business was basically finished and “at this point my No. 1 goal is not getting personally indicted.”



Read more: http://business.time.com/2013/07/25...-information-gathering-machine/#ixzz2a7GMAzr8