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SAC Capital Indicted By New York Federal Court For Wire Fraud and Securities Fraud
Thursday, July 25, 2013 - 12:38pm | 512Read More...It's finally happened: SAC Capital, the legendary hedge fund run by Steven A. Cohen, has been charged in a New York federal court for one count of wire fraud and four counts of securities fraud. The wire fraud arises from the use of insider information to dupe investors out of fees while the...
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Former SAC Capital Trader Mathew Martoma Charged with insider Trading by SEC
Tuesday, November 20, 2012 - 11:53am | 83Read More...Earlier, CNBC reported that Mathew Martoma had been arrested by the FBI on allegations of running an insider trading scheme. Reportedly, Martoma made some $276 million off the scheme -- perhaps the most profitable insider trading scheme ever. According to Reuters, Martoma had previously worked...
