Legal, financial fallout loom for SAC in insider trading case

Comments (4)
surfish wrote:

Stevie needs a jailcell retirement condo.

Nov 21, 2012 6:56pm EST  --  Report as abuse
surfish wrote:

Stevie is next.

Nov 21, 2012 7:32pm EST  --  Report as abuse

If prosecutors have been investigating Cohen since 2007 and still have not charged him with any wrongdoing, what is it they are looking for? I have followed this story since 2007 and have yet to see prosecutors come up with anything tangible that proves Cohen has participated in insider trading other than charging former SAC employees. What gives?

Nov 22, 2012 2:55am EST  --  Report as abuse
puzzled wrote:

@alwayslearning – The reason they havent charged Cohen yet is because the Government likely gets one shot to go after a guy with as high of a profile as this guy. He is worth $9bn+ and is would make Raj Rajaratnam look like a wart for the government in terms of scale of a victory. But to go after a guy like that, you need an air tight case – circumstantial evidence better be real compelling because this guy will have the resources and the might to fight the government for a very long time in terms of legal fees. If the government charges cohen and then loses – its a huge win for Cohen and the rest of the bloodsuckers in the hedge fund industry. just my personal interpretation of how I see things. Its obvious from the language in the Martoma indictment that they are certainly looking to build this case around cohen and if I am a betting man, martoma is going to crap in his pants when he takes a hard look at the sentencing guidelines for a fraud of this magnitude – its a lot of years. that said, maybe stevie is gonna promise to pay him and his family off – who knows.

Nov 24, 2012 12:18am EST  --  Report as abuse
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