Two in particular, according to a statement just released by the hedge fund.
“We are outraged by the alleged actions of two former employees [Noah Freeman and Donald Longueuil, the former SAC and CR Intrinsic employees who were just charged with insider trading], which required active circumvention of our compliance policies and are egregious violations of our ethical standards. The government alleges that their improper conduct together began at their prior firms in 2006 and continued after they joined SAC in mid-2008. They were employed at SAC for a short time and were dismissed in January 2010 and June 2010, respectively, due to poor performance. SAC is continuing to cooperate with the government’s investigation.”