SAC Capital accused of insider trading - Press of Atlantic City: Southern New Jersey Business & Money - PressofAtlanticCity.com

SAC Capital accused of insider trading

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Posted: Thursday, July 25, 2013 7:00 pm

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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