REPORT: SAC Capital Will Pay Over $1 Billion As Insider Trading Penalty

"very substantial assistance" in the FBI investigation.
I wonder which jail he was supposed to go to.
May be they talked to him about "Bubba".
 
emg : any input?

Seriously, these insider cases are a real disgrace.
These are supposedly the best of the best in trading capital, etc... and they need that?
Why should the other traders ( retail, small, big, etc...) feel sorry for them ?

1 billion $ : that's not enough. I hope they are adding
fees for lawyers and police efforts, and...
SAC is extremely rich : they can afford at least double.
Someone has low self-esteem and did not ask enough. :p
 
Quote from Grandluxe:

That's penalty only? How about disgorgement of profits?
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Disgorgements are 3 times the ill-gotten gains, they can prove. In the end however you slice it, from the way it looks he has avoided possible jail term and will keep his firm intact; albeit as a family office.
 
Quote from Swan Noir:

He remains a stupendously wealthy man and can still trade his capital. Not such a bad spot to be in.
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The fact remains, he is a slimball crook. Money can not take that away from him, he got caught...... PLAIN and SIMPLE.

Explain the whole story to a bunch of first graders and they all will come to the same conclusion. :eek:
 
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