7 Charged in $78M Insider Trading Case
Analyst's arrest puts Cohen's SAC in spotlight again(Reuters) - Hedge fund titan Steven A. Cohen is once again in the spotlight over allegations of improper trading at his $14 billion SAC Capital Advisors.
The arrest on Wednesday of technology analyst Jon Horvath marks the fourth time in two years that U.S. authorities have implicated or charged a person with engaging in insider trading while working at SAC Capital. It is the latest to come from an investigation FBI agents have coined Operation Perfect Hedge.
Federal authorities did not charge Cohen or SAC Capital with any wrongdoing in the case against Horvath, who is accused of using inside information to help the Stamford, Connecticut-based hedge fund generate a $1 million profit from trading in shares and option contracts of PC maker Dell Inc..
Horvath's lawyer could not immediately be reached for comment.
The case against Horvath comes less than a month after SAC Capital capped another successful year, generating an 8 percent return while most hedge funds lost money in 2011.
Comment
-
Comment by truth on January 18, 2012 at 8:06pm
-
Analyst's arrest puts Cohen's SAC in spotlight again(Reuters) - Hedge fund titan Steven A. Cohen is once again in the spotlight over allegations of improper trading at his $14 billion SAC Capital Advisors.
The arrest on Wednesday of technology analyst Jon Horvath marks the fourth time in two years that U.S. authorities have implicated or charged a person with engaging in insider trading while working at SAC Capital. It is the latest to come from an investigation FBI agents have coined Operation Perfect Hedge.
Federal authorities did not charge Cohen or SAC Capital with any wrongdoing in the case against Horvath, who is accused of using inside information to help the Stamford, Connecticut-based hedge fund generate a $1 million profit from trading in shares and option contracts of PC maker Dell Inc..
Horvath's lawyer could not immediately be reached for comment.
The case against Horvath comes less than a month after SAC Capital capped another successful year, generating an 8 percent return while most hedge funds lost money in 2011.
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
What was the Significance of the F-94 C and What role in History?
It’s July 19, 1952 over White House forbidden airspace and Captain William Patterson observes…See More
FLUORIDEGATE: An American Tragedy. a film by Dr. David Kennedy
FLUORIDEGATE: An American Tragedy, is a feature documentary that reveals the tragedy of how government, industry and trade associations protect and promote a...
Rendezvous With The Unknown
Rendezvous With the Unknown Chapter I It was about 9:00 am when I received a text on my phone from…See More
"ah ha - a Tartarian cuisine component lurks inside good old Tartar Sauce. Who would have thought.…"
Shadows in the Wind
If you think that life is but a game you can winYou’re just a shadow in the windConveniently…See More
Mossad: we create a pretend world, we are a global production company... the world is our stage
60 Minutes interviews alleged Mossad agent"we create a pretend world, we are a global production company......the world is our stage."_______________________...
The Alvin II Encounter: Was There A Living Dinosaur Involved?
The year is 1965 in the Caribbean islands at a 5-thousand-foot depth in the dark Atlantic waters.…See More
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network