Feds charge hedge fund SAC Capital in NY case

New York • The hedge fund operated by embattled billionaire Steven A. Cohen was hit with white-collar criminal charges Thursday, less than a week after federal regulators accused him in a related civil case of failing to prevent insider trading at his firm. SAC Capital Advisors is charged with wire fraud and four counts of securities fraud; prosecutors allege the crimes were carried out from 1999 through at least 2010. Cohen himself wasn’t named as a defendant in the criminal case, but the charg...

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