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Who is SAC Capital Advisors?
Did Cohen's SAC Capital Advisors deal resolve a long-running insider trading investigation?
Who pleaded in United States v SAC Capital Advisors?
What happened to SAC Capital?
S.A.C. Capital Advisors. SAC Capital Advisors was a group of hedge funds founded by Steven A. Cohen in 1992. The firm employed approximately 800 people [1] in 2010 across its offices located in Stamford, Connecticut and New York City, and various offices. [2] .
In 2013, the Cohen-founded S.A.C. Capital Advisors pleaded guilty to insider trading and agreed to pay $1.8 billion in fines ($900 million in forfeiture and $900 million in fines) in one of the biggest criminal cases against a hedge fund. Cohen was prohibited from managing outside money for two years as part of the settlement reached in the ...
Nov 8, 2013 · NEW YORK —Steven A. Cohen's SAC Capital Advisors hedge fund pleaded guilty to fraud charges Friday as part of a $1.2 billion deal to resolve a long-running insider trading investigation, but...
Jan 8, 2017 · Bharara was now considering a criminal indictment of Steven A. Cohen, the founder of a fourteen-billion-dollar hedge fund called S.A.C. Capital Advisors. Cohen was a captivating figure on...
May 18, 2015 · Preet Bharara, the United States Attorney for the Southern District of New York, announced today that S.A.C. CAPITAL ADVISORS, L.P. (“SAC Capital LP”), S.A.C. CAPITAL ADVISORS, LLC (“SAC Capital LLC”), CR INTRINSIC INVESTORS, LLC (“CR Intrinsic”), and SIGMA CAPITAL MANAGEMENT, LLC (“Sigma Capital”), collectively (the “SAC ...
Jul 25, 2013 · July 25, 2013, 9:18 AM PDT. By Ben Berkowitz and Patrick Rizzo. One of the largest-ever insider trading cases took a giant step forward Thursday, when a federal grand jury indicted Steven A....
Nov 8, 2013 · NEW YORK (AP) — SAC Capital Advisors pleaded guilty to criminal fraud charges Friday, satisfying a deal with the U.S. government that requires the hedge fund to pay a record $1.8 billion to settle charges that it allowed, if not encouraged, insider trading to occur for more than a decade.
