Steve Cohen

Steven A. Cohen proved to be a stickler for the letter of the law when it came to paying the criminal penalty imposed on his former hedge fund as part of its guilty plea on insider trading charges. On April 10, Judge Laura Taylor Swain of Federal District Court in Manhattan gave Mr. Cohen’s SAC Capital Advisors up to 90 days to pay the $848 million penalty, part of an overall $1.2 billion criminal settlement reached with prosecutors last November. On Tuesday, the 90th day since Judge Swain accepted the firm’s guilty plea, Mr. Cohen’s firm made that payment, according to court records. [Dealbook]

Apparently not everyone is interested in sticking around for the chance to manage Steve Cohen’s second cousins’ money, or for the new zip-ups and other assorted swag. Read more »

Despite the clouds looming over billionaire Steve Cohen for “rampant insider trading,” he appears as cozy as ever with New York Mets owner Fred Wilpon. Cohen and Wilpon both shelled out money to sponsor a baseball exhibit now on display at the National Museum of American Jewish History in Philadelphia, according to the museum’s Web site. Questions have arisen over whether Cohen’s recent legal woes might force him to sell his minority stake in the Mets. After all, the baseball empire was recently burned by its ties to Bernard Madoff, another troubled hedge-fund manager. But Cohen and Wilpon’s names are at the top of the lineup card of sponsors on display at the exhibit, titled “Chasing Dreams: Baseball and Becoming American” — suggesting there’s a kindred spirit. [NYP]

  • 03 Jun 2014 at 12:10 PM

Someone Still Believes In Steve Cohen

It may be the woman with whom he shares a marital bed, but every person counts. Read more »

Patricia Cohen, previously known as one half of Mr. and Mrs. Steven A. Cohen, has new representation in her quest to nail her ex-husband to the wall. And while some might assume that the fact that she’s on her fifth attorney as meaning this case is dead in the water, others like the ex-Mrs. SAC’s chances. Read more »

  • 28 May 2014 at 6:07 PM

Steve Cohen Cohen’s Summer Is Looking Up

It could be months, maybe even years, before there is a resolution of the Securities and Exchange Commission’s administrative case against the billionaire investor Steven A. Cohen, whose former hedge fund pleaded guilty to insider trading. In a letter Wednesday to the administrative judge overseeing the S.E.C.’s action against Mr. Cohen, which accuses him of failing to supervise his employees, federal prosecutors requested an extension of an earlier stay that has been in place since August. Prosecutors want the proceeding stayed pending the outcome a closely watched appeal of the convictions of two former hedge fund managers, which could lead to new trials not only for them but potentially others convicted of insider trading. [Dealbook]

  • 12 May 2014 at 12:31 PM

Clear Steve Cohen’s Schedule


Back in April 2013, Steve Cohen put his 9,000-square-foot One Beacon Court apartment on the market for $115 million, which would have represented a modest 379.16% return. In January, he dropped the price to 98 mill. Four months later, a buyer has yet to materialize and the Big Guy is pissed. Embalm someone and suspend them in formaldehyde pissed. Read more »