April 4 Billionaire investor Steve Cohen-owned
SAC Capital Advisors LP's lawyers proposed to retain corporate
adviser and former federal prosecutor Bart Schwartz as a
compliance consultant while the hedge fund pleads guilty to
insider trading charges.
The choice of Schwartz, the chairman and CEO of business
intelligence firm SolutionPoint International Inc, was disclosed
in a sentencing memorandum filed on Thursday by the attorney of
the Southern District of New York.
"(He) has considerable experience in this area and has acted
as a monitor on other significant cases," the filing said.
The former chief of the criminal division in the Southern
District of New York has managed complex investigations,
prosecutions and security assessments for more than 3 decades.
Stamford, Connecticut-based SAC pleaded guilty to fraud
charges late last year. It agreed to a $1.2 billion fine and
promised to stop managing money for outsiders.
(Reporting by Arnab Sen in Bangalore; Editing by Joyjeet Das)