Former SAC Capital Employees Charged With Insider Trading Discuss Specifics Of How To Destroy Evidence

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Feb 8, 2011

From the complaint:

Full complaint and some initial thoughts:

* Favorite lines: "Fuckin..I...uh," "Oh, it's easy," "you take two pairs of pliers," and "threw that shit in the back of like random garbage trucks."

* NORTH FACE FLEECE?!? Given that the Big Guy is partial to Patagonia, which is the brand that makes all SAC-issued fleeces,** this should've been a red flag this Freeman character couldn't be trusted.

* If we were looking to cast two people in the parts of Freeman and Longueuil for a dramatic reading of the above, the proceeds of which would go toward a Leave Steve Alone or Cheer Up SAC fund (to be used at Beamer's, the happiest place on earth), who would your picks be? Famous or otherwise.

Noah Freeman Complaint [PDF]

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src="https://dealbreaker.com/uploads/2013/05/saccapitalstamford-260x173.jpg" alt="" title="saccapitalstamford" width="260" height="173" class="alignright size-medium wp-image-102764" />Remember Noah Freeman and Donald Longueuil? Former SAC Capital portfolio managers and best buds, fired from SAC for performance and later confronted by the Feds, who divided and conquered the duo by convincing Freeman to record his conversations with Longueuil, which didn't come of much until Noah got Don to give a step-by-step guide to destroying evidence of wrongdoing? Longueuil is set to be released from prison in December and Freeman, who once ran around San Francisco in his underwear while tripping on 'shrooms and shouting "I said buy, motherfucker" at no in particular, is awaiting sentencing. But before they put all this behind them and move on with their lives (Don is taking a three-week honeymoon in January; Noah has hundreds more cities to traipse through half-naked), how about one last trip down memory lane? This one is courtesy of Vanity Fair from a larger article about D&N's boss, and involves the kind of cover for their illegal activities that'd make Ping Jiang curse the fact that their time at SAC didn't overlap.

News

Former SAC Capital Employees Charged With Insider Trading Discuss Specifics Of How To Destroy Evidence

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