Wilpons Working To Sell Majority Stake Of New York Mets To Billionaire Hedge Fund Manager Steve CohenThe team said Wednesday the deal between Sterling Partners and Steve Cohen would allow 83-year-old Fred Wilpon to remain as controlling owner and chief executive officer for five years.
Mathew Martoma Sentenced To 9 Years For Insider Trading A former portfolio manager convicted of helping his firm earn more than a quarter-billion dollars illegally through insider trading has been sentenced in New York to nine years in prison.
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.
Judge: Hedge Fund Manager's Fainting Spell Can't Be Used As EvidenceA 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.
Former Hedge Fund Manager Faints Just Before Guilty Verdict ReadJust as the Manhattan jury handed its verdict sheet to the judge Wednesday, the former hedge fund manager fainted on the defense table.
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."