SAC Capital Is Going To Be The Bigger Man And Admit Guilt For The Handful Of Lowlifes Who Had To Ruin Things For The Rest Of The Group


Sayeth SAC:

“We take responsibility for the handful of men who pleaded guilty and whose conduct gave rise to SAC’s liability. These wrongdoers do not represent the 3,000 honest men and women who have worked at the firm during the past 21 years. Even one person crossing the line into illegal behavior is too many and we greatly regret this conduct occurred.”

[Earlier, Related: Mr. Cohen...has also said he thinks it is unfair that he is paying nearly $2 billion in penalties out of his pocket for the crimes of what he believes are rogue employees.]