News

Judge Shows Mercy On SAC Capital

$1.8 billion fine and not a penny more, probably.

SAC Capital Advisors LP’s landmark settlement of a U.S. government insider-trading probe stretching back to 2007 was approved by a federal judge, bringing to an end the hedge fund’s role as a money manager and capping a decade of insider trading cases. The judge is still discussing the terms of the agreement, which calls for a combined penalty of $1.8 billion, with the lawyers in Manhattan federal court… The plea deal ends both the prosecution and money-laundering lawsuit brought by the office of Manhattan U.S. Attorney Preet Bharara. The agreement includes a $900 million fine to end the criminal case, as well as a separate $900 million judgment the hedge fund agreed to pay to end the suit. Within that judgment is $616 million Cohen agreed to pay the SEC to settle a separate lawsuit filed last year. As part of the plea deal, the firm agreed to manage money mainly for Cohen alone.

SAC Judge Approves Record Insider-Trading Accord With U.S [Bloomberg]

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12 Responses to “Judge Shows Mercy On SAC Capital”

  1. KingCo says:

    Shazar's new job is:

    A) Intern, John Doe Fund Times Square
    B) House Troll, Gawker Media
    C) Fluffer 2nd Class, Vivid Entertainment
    D) Registered Representative, John Thomas Financial

    • Annual says:

      Mods are being raging goth homos today. Bess, you are too smart and hot to work around these breaking media mouth breathers that wear skinny jeans cause the got no sacks.

  2. Blew up says:

    AUM there, as well as his personal fortune, ( one and the same ? ) must be drastically reduced at this point.

    If this is now a 5-10 bil fund without the old edge it begins to lose some salience for many of us.

    Sartorial choices excepted of course.

  3. A Fan says:

    His coke can sized cock must be glorious.

  4. Quant me maybe ... says:

    That's an awful lot of pickled fish!

  5. hooaaaaaa says:

    Fashion Faux Pas, baby blue on baby blue dear heavens!!!! Shove it back in the womb!!!!

    Tim Gunn- Fashion Analyst

    Project Alpha Partners

  6. Marketeer says:

    The cashmere zip sweater, now available in "Point72 Blue"

  7. Guest says:

    Now we know how much it costs to stay out of jail, Raj Gupta I hope you've learned something from this..

  8. Guest says:

    Every time I enter a search for "Point72" on google I get an auto-fill of "and Lindsay Lohan DUI"

  9. Inigo says:

    "You keep writing about that hedge fund. I don't think it's as interesting as you think it is."

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