{"id":36611,"date":"2013-07-08T10:40:32","date_gmt":"2013-07-08T14:40:32","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36611"},"modified":"2013-07-08T12:21:49","modified_gmt":"2013-07-08T16:21:49","slug":"hedge-fund-billionaire","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2013\/hedge-fund-billionaire.html","title":{"rendered":"SAC: Hedge Fund Billionaire Escapes Prosecution"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/04\/stevecohensac.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-14962\" alt=\"stevecohensac\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/04\/stevecohensac-300x228.jpg\" width=\"300\" height=\"228\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/04\/stevecohensac-300x228.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/04\/stevecohensac.jpg 420w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211;\u00a0The billionaire hedge fund manager of SAC Capital\u00a0won\u2019t face any charges as the prosecution has decided that there isn&#8217;t enough evidence against him, WSJ reports.<\/p>\n<p>It seems that Steven Cohen has beat the statute of limitations for prosecution from the allegedly massive insider-trading scheme run by one of his portfolio managers, Mathew Martoma. Last week Cohen pleaded<a href=\"http:\/\/www.hedgeco.net\/news\/07\/2013\/hedge-fund-manager-cohen-claims-the-5th-amendnent.html\" target=\"_blank\"> the 5th<\/a>,\u00a0declining to testify before a grand jury in the recent slate of\u00a0insider trading allegations against traders at his firm.<\/p>\n<p>Since the investigation started nine traders current or former SAC employees have been linked to insider trading while working at SAC Capital, four of whom pleaded guilty.<\/p>\n<p>Cohen has already paid a $616 million fine. Steven Cohen is said to be considering an agreement where SAC Capital Advisors LP would close the firm and admit wrongdoing. The hedge fund would not be prosecuted unless it broke the law again.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211;\u00a0The billionaire hedge fund manager of SAC Capital\u00a0won\u2019t face any charges as the prosecution has decided that there isn&#8217;t enough evidence against him, WSJ reports. It seems that Steven Cohen has beat the statute of limitations for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,3,16047],"tags":[],"class_list":["post-36611","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedgeco-news","category-insider-trading-2"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36611"}],"version-history":[{"count":11,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36611\/revisions"}],"predecessor-version":[{"id":38697,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36611\/revisions\/38697"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}