One of the world’s most powerful hedge funds pleaded guilty this week to insider trading charges.
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.
Whether the lots are included in the sale has been an issue that always has had the potential to become contentious as the sale process moves toward a conclusion in April.
The 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.
Steven Cohen, now Cuomo’s counselor and chief of staff, will be secretary to the governor. He’s a former partner at the law firm Cooley Godward Kronish and was a federal prosecutor and judge’s law clerk.