Court sentences SAC Capital in $1.8B fraud deal - CBS News

Apr 10, 2014 · NEW YORK - The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the …

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Court Sentences SAC Capital In $1.8B Fraud Deal - CBS News

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Apr 10, 2014 · NEW YORK - The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the …

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SAC Capital To Be Sentenced In $1.8B Fraud Deal - CBS News

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Apr 10, 2014 · NEW YORK - A New York judge is set to sentence Connecticut-based SAC Capital on Thursday after it pleaded guilty to criminal fraud charges in a $1.8 billion deal with the …

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US Judge Sentences SAC Capital In $1.8B Fraud Deal | AP News

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Apr 10, 2014 · 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 say included the …

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SAC Capital To Be Sentenced In $1.8B Fraud Deal - Yahoo Finance

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Apr 10, 2014 · A New York judge is set to sentence Connecticut-based SAC Capital on Thursday after it pleaded guilty to criminal fraud charges in a $1.8 billion deal with the government. …

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NY Judge Sentences SAC Capital In $1.8B Fraud Deal

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Apr 11, 2014 · The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the largest criminal …

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SAC Capital To Be Sentenced In $1.8B Fraud Deal - Yahoo

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Apr 10, 2014 · NEW YORK (AP) — A New York judge is set to sentence Connecticut-based SAC Capital on Thursday after it pleaded guilty to criminal fraud charges in a $1.8 billion deal with …

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NY Judge Sentences SAC Capital In $1.8B Fraud Deal - Yahoo Finance

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Apr 10, 2014 · The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the largest criminal …

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SAC Capital To Be Sentenced In $1.8B Fraud Deal

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Apr 10, 2014 · A New York judge is set to sentence Connecticut-based SAC Capital after it pleaded guilty to criminal fraud charges in a $1.8 billion deal with the government.

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NY Judge Sentences SAC Capital In $1.8 Billion Fraud Deal

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Apr 10, 2014 · NEW YORK - The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the …

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Stamford Hedge Fund Sentenced For Insider Trading To Pay

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Apr 10, 2014 · U.S. District Judge Laura Taylor Swain formally administered the sentence on SAC Capital LP and three related entities under a $1.8 billion deal.

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Connecticut-based SAC Capital To Be Sentenced By Judge ... - Fox …

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Apr 10, 2014 · A New York judge is set to sentence Connecticut-based SAC Capital after it pleaded guilty to criminal fraud charges in a $1.8 billion deal with the government.

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SAC Capital Sentenced Under $1.8-billion Fraud Deal

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Apr 10, 2014 · The hedge fund is ordered to pay $900-million fine in the insider-trading case. SAC Capital's founder, Steven A. Cohen, still faces a civic case brought by the SEC.

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FAQs about Court sentences SAC Capital in $1.8B fraud deal - CBS News Coupon?

What happened to SAC Capital?

In approving the settlement, U.S. District Judge Laura Taylor Swain paved the way for SAC Capital to continue to do business under a new name as a so-called “family office” managing the $9 billion fortune of Steven A. Cohen, the hedge fund’s secretive founder. ...

How many former SAC employees have been convicted?

Bharara has secured 79 insider trading convictions or guilty pleas — including eight former SAC employees — without losing a single case. Earlier this year, Mathew Martoma, a former SAC manager, was found guilty in what federal prosecutors called the most lucrative insider trading scheme in U.S. history. ...

Who is SAC Capital?

M ultibillion-dollar hedge fund SAC Capital was sentenced on Thursday for its central role in one of the most wide-ranging insider trading schemes in U.S. history. ...

Why did SAC 'corrupt' two doctors in a drug trial?

Martoma’s scheme, which allowed SAC to make gains and avoid losses of $276 million, occurred “on a scale that has no historical precedent,” Bharara said. In court proceedings, prosecutors said that Martoma “corrupted” two doctors involved in the drug trial in order to obtain advance notice of its results. ...

Who is responsible for SAC's misconduct?

Representing the companies, longtime SAC General Counsel Peter Nussbaum told Swain the companies “accept responsibility for the misconduct of our employees.” At the sentencing’s outset, drugmaker Elan Pharmaceuticals announced it had settled its $1.5 million claim against SAC for costs related to the probe. ...

How long did the SAC insider trading scheme last?

Prosecutors said that the insider trading scheme lasted from 1999 to 2010, a period of time in which a “relentless pursuit of an information ‘edge’ fostered a business culture within SAC in which there was no meaningful commitment to ensure that such ‘edge’ came from legitimate research and not inside information.” ...