Another SAC Affiliate Bites the Dust

[JEast]

'Jon Horvath, an analyst at Sigma Capital Management, an affiliate of hedge fund SAC Capital Advisors in Manhattan, was arrested at his New York City home'

 

http://finance.yahoo.com/news/7-charged-61M-single-trade-apf-491853987.html?x=0

 

It is taking time, but slowly the corruption is getting rounded up - or a least until the next bull market.

 

 

Cheers

JEast

[Kraven]

No one ever learns and everyone thinks they are smarter than everyone else.  People never get it through their thick skulls.  So these guys made a few bucks (well, more than a few) and now their lives are over.  Nice trade off.

[Parsad]

Going to be very hard to nail SAC.  Too smart, too deep pockets, and the tentacles cannot be tracked back to SAC.  Cheers!