Federal Prosecutors Likely to Charge SAC Capital for Insider Trading
07/24/13
Receiving Wide Coverage ... SAC Sacked: Federal prosecutors are expected to announce criminal charges this week against hedge-fund giant SAC Capital Advisors for alleged insider trading, the papers are reporting through anonymous sources. The Times says such a charge would likely be a "death blow" to the firm already saddled with government investigations, potentially causing trading partners like Goldman Sachs and Morgan Stanley to pull out. The papers also focused on the firm's founder, Steven A.
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