San Fransisco Chronicle – As the massive insider trading case that is sweeping across Wall Street continues to unfold, it is becoming more and more apparent that the Feds are keenly interested in ensnaring Steve Cohen and his hedge fund, SAC Capital.
The genesis of the ongoing investigation appears to be the arrest of billionaire hedge fund manager Raj Rajaratnam on October 16, 2009. Rajaratnam, who founded New York based hedge fund the Galleon Group, was charged with insider trading. Numerous other high level traders, executives, and consultants were named in the indictment.
