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Tag Archives: hedge fund

Judge sentences SAC Capital in $1.8B fraud deal

NEW YORK (AP) — The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors said included the largest criminal fine ever imposed in an insider trading case. U.S. District ...

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Hedge fund giant SAC Capital to pay $1.8B fine

NEW YORK — SAC Capital Advisors will plead guilty to criminal fraud charges, stop investing money for others and pay $1.8 billion — the largest financial penalty in history for insider trading — to resolve criminal and civil claims against ...

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Hedge fund pleads not guilty to fraud charges

NEW YORK — A not guilty plea was entered Friday on behalf of a Connecticut-based hedge fund charged in a criminal indictment with letting insider trading flourish over a 10-year period as it grew into an investing giant and made ...

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Feds charge hedge fund SAC Capital

NEW YORK — The hedge fund operated by embattled billionaire Steven A. Cohen made hundreds of millions of dollars illegally and allowed unprecedented and pervasive insider trading to go unchecked for years, federal prosecutors said in an indictment unsealed Thursday. ...

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Fund pays $600M to settle insider trading charges

Hedge fund CR Intrinsic Investors will pay more than $600 million in what federal regulators are calling the largest insider trading settlement ever. The Securities and Exchange Commission charged the firm with insider trading in 2012, alleging that one of ...

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Jury hears giggles on tapes of finance’s elite

NEW YORK CITY — The jury at the insider-trading trial of a wealthy hedge fund founder listened Thursday to giggle-laced audio tapes of phone conversations that demonstrated his playful relationship with a then-top Intel Corp. executive who admits giving him lucrative secrets.

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