The sudden disappearance of what was once the world’s largest bitcoin exchange—and all of the bitcoins “contained” therein—is apparently not a good reason to stop speculating in fake currencies. Read more »
So, the insider trader formerly known as Ajai Mathew Thomas has been convicted of said insider trading, just like everyone else who’s been charged with it in the last five years. But forget this nobody grain of sand. How does it impact his former boss and conversation partner?
Answer: Probably not at all.
From a public relations standpoint, his conviction signifies another blow for Cohen, who had already been forced to drop all of his clients in converting SAC Capital into an investment vehicle for his $9 billion fortune.
Unless prosecutors leverage yesterday’s verdict to convince Martoma to turn against his former boss, however, his conviction is likely to have little bearing in their on-going pursuit of Cohen.
Here’s your daily wrap-up of all things cryptocurrent. Read more »
In this case the bone would be a “deferred prosecution agreement” wherein the bank would get a brief reprieve from dealing with one of the 979 investigations it is currently facing. Read more »
Someday soon, the Manhattan U.S. Attorney may back the trucks up on Cummings Point Road and Crown Lane and Further Lane and seize some of the toys Steve Cohen has acquired with his allegedly illicit fortune. Perhaps Preet’s mind wandered to that day when he was signing a big chunk of Mark Dreier’s former art collection to a hedge fund Dreier screwed over. Perhaps it occurred to him that, since there’s no Heathfield Capital owed a pickled-shark-and-Picasso‘s worth of restitution, Stevie’s impressive private museum might just make a fitting monument to his own prosecutorial victories? Read more »
What does one eat to get pumped up for a day of putting away gang members and bringing charges against (alleged!) financial dens of iniquity? Raw animal flesh or, if none can be procured, a granola bar that contains only 3g net carbs. Read more »