Bharara’s Insider Trading Inferno Engulfs Its Next Victim: Former SAC Portfolio Manager Steinberg Convicted
Yesterday – seemingly before the ink even dried on SAC Capital Advisor’s unprecedented billion dollar plea agreement – U.S. Attorney Preet Bharara’s office secured the conviction of former SAC portfolio manager Michael Steinberg. As recently reported by White Collar Alert editor Carrie Sarhangi, Steinberg was… Read More
Gordon Gekko Redux: Jordan Belfort’s Hollywood Redemption?
We all remember the infamous Gordon Gekko scene from the original Wall Street movie when he empowered Teldar Paper shareholders with his “Greed is good” speech: Greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and… Read More
Bharara’s Insider Trading Inferno – SAC Pleads Guilty and Agrees to Pay Unprecedented $1.8 Billion Penalty. Will Cohen Also Go Down in Flames?
Billionaire Steven A. Cohen’s SAC Capital Advisors, L.P., a hedge fund accused of engaging in rampant insider trading, has agreed to plead guilty and pay an unparalleled $1.8 billion in penalties. In response to the indictment issued by Manhattan U.S. Attorney Preet Bharara on July… Read More