Today’s Insider Trading Arrests Brought To You In Part By A Cooperating...
Remember, about a year ago, when hedge fund Level Global was rumored to have a government mole in its ranks? At the time, the firm’s representatives said such reports were total bull shit, and,...
View ArticleSAC Capital Is Sending A Whole Bunch Of People To Bed Without Dinner Tonight
SAC Capital Advisors LP, the hedge fund run by Steven A. Cohen, put portfolio manager Michael Steinberg on leave after he emerged as an unindicted co- conspirator in a $62 million insider-trading...
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Lawyer: It’s Generally Preferable To Not Be Mentioned In Detail In An Insider...
Hope this clears things up. Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: criminal probes, Experts, Gabriel Plotkin, insider-trading, insight, Jon Horvath, SAC...
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SAC Can’t Even Put Ten Days Of Insider Trading Behind It
Once upon a time there was a settlement between the SEC and Citigroup over some bad stuff that Citi did, or maybe did, since the settlement did not require Citi to admit any guilt. But then the judge...
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SAC’s Rigorous Compliance Program Focused On Coming Up With Euphemisms For...
One hopes “black edge” wasn’t on the list. Anyway today’s indictment against SAC, for wire fraud and securities fraud, is a hoot: For example, on or about July 29, 2009, a recently hired SAC PM (the...
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Michael Steinberg Wasn’t Sure Steve Cohen Would Be Thrilled To Hear He Was...
Pro: Cohen gets concrete evidence we’re working our tails off. Con: He rips our throats out for implicating him in the crime. Pro: His lips say “tell me.” Con: His eyes say, “keep your mouth shut.”...
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SAC PM Accused Of Insider Trading Didn’t Have Time For A Customary “How Are...
Earlier in the day, before Mr. Berke began his cross-examination, Mr. Horvath testified that after Diamondback and two other hedge funds were raided by federal authorities in fall 2010, Mr. Steinberg...
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Jon Horvath’s New Year’s Resolution For 2008 Was To Feed His Boss More...
Horvath took home a relative pittance of $416,084 of compensation in 2007, compared with Steinberg’s $5.1 million. He rang in the New Year vowing to do better. He cultivated a relationship with Jesse...
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Lena Dunham Admits ‘Girls’ Character Not Named After SAC Informant
Lena Dunham said the group of young and cash-strapped creative women she leads on “Girls” could get a whiff of Wall Street scandal. The plot idea came on the red carpet inNew York last night, when...
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