Prosecutors Say SAC Encouraged Insider Trading | WAMU 88.5 - American University Radio
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Prosecutors Say SAC Encouraged Insider Trading

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U.S. officials filed criminal charges against SAC Capital on Thursday. SAC is one of the country's biggest and most successful hedge fund companies. Federal prosecutors say the firm not only tolerated insider trading, it encouraged it. And they say the firm's billionaire founder, Steven Cohen, routinely chose to look the other way.
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