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sac capital
Cohen fund boss Conheeney makes surprise exit
The changing of the guard at Steve Cohen’s hedge fund-cum-$11 billion family office neared completion Monday with the unexpected announcement of the departure of President Tom Conheeney. Conheeney’s exit comes...
Martoma sentence of 8-plus years recommended by Bharara
Preet Bharara is looking for a tough sentence for former SAC Capital portfolio manager Mathew Martoma, who was convicted of the largest-ever insider trading crime. The US Attorney for Manhattan...
Sentencing of ex-SAC trader Martoma delayed
Convicted insider trader Mathew Martoma has been given almost seven more weeks to ponder his fate. The former SAC Capital portfolio manager’s sentencing — originally scheduled for June 10 —...
SEC’s in no rush to punish Steve Cohen
Former hedge-fund kingpin Steve Cohen could get a little more time before the Securities and Exchange Commission decides whether to bar the billionaire investor from the industry for life. Prosecutors,...
Facing prison, Ex-SAC trader Martoma seeks leniency
Court officials said Mathew Martoma may deserve a record prison term for insider trading, a request that lawyers for the former SAC Capital Advisors LP fund manager called “outrageous.” Martoma...
Juror dishes on Steinberg trial deliberation details
Most people wish they could skip jury duty. Then there’s Paul Skokandich. The 59-year-old bookkeeper was a juror during the month-long trial of former SAC Capital moneyman Michael Steinberg. He...
SAC fund manager gets 3 1/2 years for insider trading
He’s a good guy — except for that insider trading conviction. Michael Steinberg, the fallen fund manager at Cohen’s SAC Capital Advisors, was sentenced to 3 ¹/₂ years in prison...
SAC's Steinberg faces sentencing with faint hopes
This week will determine how much prison time Michael Steinberg gets — and whether he faints again in the courtroom. The former SAC Capital trader — who appeared to faint...
Judge OKs SAC’s $1.8B settlement of feds' insider trading probe
A Manhattan federal court judge on Thursday approved the $1.8 billion settlement of years long federal probe into insider trading at Steve Cohen’s SAC Capital Advisors. SAC, a former giant...
Judge’s question deals tough hand to Cohen
When it comes to criminal fines, Steve Cohen’s SAC Capital is getting the wholesale rate. Lawyers for the once highflying hedge fund are scheduled to walk into Manhattan federal court...
Cohen’s SAC now known as Point72
It’s a new day at 72 Cummings Point Road in Stamford, Conn., the swank home of what was formerly a corrupt hedge fund run by multibillionaire investor Steve Cohen. As...
Preet Bharara rejects corporate America's doomsday cries
Manhattan's top federal prosecutor says corporate America — especially financial institutions — will do almost anything to avoid a tough enforcement action, but their doomsday claims are sounding more like...
SAC honcho 'deeply remorseful' in letter to federal judge
Steve Cohen’s SAC Capital is “deeply remorseful” its employees broke the law, a lawyer for the once-powerful hedge fund wrote a federal judge who will decide next month whether to...
SAC founder Cohen, SEC talk peace
SAC Capital founder Steve Cohen is considering a negotiated settlement with the Securities and Exchange Commission, according to a report. Cohen, whom the SEC has charged with failure to supervise...
Martoma undeserving of new trial: prosecutors
Convicted felon Mathew Martoma doesn’t deserve another trial. “[T]he evidence at trial overwhelmingly established that Martoma received material, nonpublic information,” prosecutors, in a 36-page memo, told the trial judge. Martoma,...
Hedgie loses fund, wife
Talk about a midlife crisis. Adam Sender, 45, who announced last month he is closing his Exis Capital Management fund, plans to auction off 400 pieces from his contemporary art...
SAC hires analytics firm to monitor employees
SAC Capital Advisors, the hedge-fund firm that agreed last year to pay a record fine to settle insider-trading charges, hired Palantir Technologies, a data-analysis software maker, to boost surveillance. “We...
Cohen in new insider trading lawsuit
SAC Capital founder and multibillionaire Steve Cohen has emerged in yet another insider trading complaint. A civil case filed Thursday by the Securities and Exchange Commission against former SAC tech...
SAC cheated as SEC preached
Monday, July 21, 2008, was a busy day for insider trading in the Stamford, Conn., offices of SAC Capital, the corrupt hedge fund run by billionaire Steve Cohen. After the...
Tenth SAC exec admits to insider trading
Another analyst at Steve Cohen’s SAC Capital Advisors has admitted to insider trading — the tenth person from the notorious hedge fund to be caught in the Securities and Exchange...