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Insider Trading at SAC


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I for one would be shocked, shocked I tell you, to find out there are improprieties at SAC. From Reuters:


"Ali Far and Choo Beng Lee, the former hedge fund traders turned government informants in the Galleon insider trading case, have admitted to engaging in illegal insider trading for many years, according to their cooperation agreements.

In the case of Lee, the agreements suggest that he engaged in illegal insider trading while working at Steven Cohen’s SAC Capital, the Connecticut-based hedge fund.


In the case of Lee, the alleged wrongful conduct dates back as far as 1994. In both cases, this would suggest the men engaged in insider trading while working at other hedge funds before setting up their own fund, Spherix Capital, in 2007."


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Mike Milken still had hundreds of millions of dollars after he left jail for his Drexel crimes.  SAC should also. 

By many sources Milliken had 1 billion left after paying his fines Stevie has more than a few shekles left kicking around perhaps they can grab his house and use it for an exec retreat they could play hockey in the indoor skating rink see link.http://images.google.ca/imgres?imgurl=http://www.hauteliving.com/wp-content/uploads/cohenmansion1.jpg&imgrefurl=http://www.hauteliving.com/hauteblog/update-steven-a-cohen%25E2%2580%2599s-megamansion-getting-even-larger/&usg=__2XrEa0NxhPgwC9e5y_iXjTdAXck=&h=296&w=480&sz=141&hl=en&start=2&um=1&tbnid=EeHVsDJL6PYf7M:&tbnh=80&tbnw=129&prev=/images%3Fq%3Dsteve%2Bcohen%2527s%2Bhouse%26hl%3Den%26sa%3DN%26um%3D1
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