Michael Steinberg

SAC Capital headquarters in Stamford, Conn. (credit: Getty Images)

Second Portfolio Manager From Stamford-Based Hedge Fund Convicted Of Insider Trader

When prosecutors announced the case against Mathew Martoma in November 2012, they said it may be the most lucrative insider trading scheme of all time.

02/06/2014

SAC Capital headquarters in Stamford, Conn. (credit: Getty Images)

Judge: Hedge Fund Manager’s Fainting Spell Can’t Be Used As Evidence

A jury will not hear about how a former hedge fund manager fainted in front of his Florida mansion when federal agents showed up to talk about his alleged involvement in insider trading.

01/06/2014

Michael Steinberg, right, in March 2013 (credit: Getty Images)

Former Hedge Fund Manager Faints Just Before Guilty Verdict Read

Just as the Manhattan jury handed its verdict sheet to the judge Wednesday, the former hedge fund manager fainted on the defense table.

12/18/2013

SAC Capital Advisors portfolio manager Michael Steinberg walks out of a New York courthouse after being charged by U.S. prosecutors with engaging in insider trading on March 29, 2013. (credit: Spencer Platt/Getty Images)

Feds File Insider-Trading Charges Against Hedge Fund SAC Capital

Federal authorities in New York City announced the criminal charges against SAC Capital Advisors on Thursday. SAC is charged with wire fraud and four counts of securities fraud, but owner Steven Cohen is not charged.

07/25/2013

Michael Steinberg, a portfolio manager for the hedge fund operator SAC Capital Advisors, after his arrest on Friday March 29, 2013 (credit: Marla Diamond/WCBS 880)

SAC Capital Portfolio Manager Arrested In Manhattan

A senior portfolio manager for one of the nation’s largest hedge funds was arrested Friday, accused of making $1.4 million illegally in a widening insider trading probe involving an investment company founded by billionaire businessman Steven A. Cohen.

03/29/2013