SAC Capital Advisors indicted by a federal grand jury

Quote from pikachu9:

You wonder if having SAC Capital on the work history looks bad on a resume now.
Maybe some new traders to join EliteTrader?

lol, wall st will be lapping those guys up.
 
Quote from nitro:

Because if you are insider trading on your own money, then you no longer have deniability and you are the one that goes to jail. But sure, if he is on the level, he sure has the means to do anything he wants.

Bingo! Plausible deniability.
 
Quote from Peternam:

Do you think Cohen will go to jail ?

No he is well connected and has all the money to buy off the right people, sorry I meant hire the "dream team" of attorneys.
 
Quote from dandxg:

No he is well connected and has all the money to buy off the right people, sorry I meant hire the "dream team" of attorneys.

Raj Rajaratnam was also a billionaire.
 
Quote from Grandluxe:

Raj Rajaratnam was also a billionaire.

So what he was/is a pudwaker compared to Cohen. No one in mainstream even heard of Raj every person has heard of Cohen and SAC. And Raj prob. could have got off but didn't want to play ball.
 
By Charles Gasparino @CGasparinoJuly 25, 2013

A friend of mine of who knows Cohen personally said he ran into him at the MLB All-Star game at Citi Field, the home of the New York Mets, in which Cohen owns a small stake. Cohen “looked terrible…and he’d gained 15 pounds” since the time the two met just a month or so earlier. More than that, my source told me, Cohen conceded that his business was basically finished and “at this point my No. 1 goal is not getting personally indicted.”



Read more: http://business.time.com/2013/07/25...-information-gathering-machine/#ixzz2a7GMAzr8
 
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