SAC Capital chief Steven Cohen is likely to avoid criminal charges relating to insider trading, as U.S. prosecutors don’t have enough evidence.
According to a report in The Wall Street Journal, the U.S. prosecutors have concluded that they don’t have sufficient evidence to convict the hedge fund billionaire before a July deadline.
The recent conclusion of the U.S. prosecutors is in line with the earlier expectation, wherein insiders from SAC Capital...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
