SAC Capital

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

Stamford Hedge Fund Sentenced For Insider Trading To Pay Largest Ever Criminal Fine

U.S. District Judge Laura Taylor Swain formally administered the sentence on SAC Capital LP and three related entities under a $1.8 billion deal.


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Hedge Fund SAC Capital Admits To Insider Trading

One of the world’s most powerful hedge funds pleaded guilty this week to insider trading charges.


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.