Stamford Hedge Fund Sentenced For Insider Trading To Pay Largest Ever Criminal FineU.S. District Judge Laura Taylor Swain formally administered the sentence on SAC Capital LP and three related entities under a $1.8 billion deal.
Second Portfolio Manager From Stamford-Based Hedge Fund Convicted Of Insider TraderWhen prosecutors announced the case against Mathew Martoma in November 2012, they said it may be the most lucrative insider trading scheme of all time.
Ex-SAC Capital Manager's Harvard Expulsion Revealed In Insider Trading TrialA former money manager facing trial on insider trading charges was expelled from Harvard Law School more than a decade ago after he used a forged transcript to apply for a clerkship with as many as 23 federal appeals judges, according to documents unsealed Thursday.
Judge: Steven A. Cohen Testimony Can't Be Used In Insider Trading TrialBillionaire Steven A. Cohen's testimony to a financial regulatory agency cannot be shown to jurors at the insider trading trial of one of the former money managers at the hedge fund he founded, a judge said in a ruling made public Wednesday.
SAC Capital Portfolio Manager Arrested In ManhattanA 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.
Report: Hedge Fund Billionaire Steven Cohen Loses Interest In Mets' StakeIt may be back to the drawing board for Fred and Jeff Wilpon. According to the New York Post, hedge fund billionaire Steven A. Cohen, thought to be the front-runner to buy a minority stake in the Mets, "has quickly lost interest."
Report: Billionaire Steven Cohen Front-Runner For Stake In MetsThe Mets' partial ownership drama is drawing to a close, with billionaire hedge fund manager Steven A. Cohen in the lead to claim a minority stake in the franchise, according to the New York Post.