2013-11-04
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SAC Capital Advisors will plead guilty to criminal fraud charges, stop investing money for others and pay $1.8 billion — the largest financial penalty in history for insider trading — to resolve criminal and civil claims against the hedge fund giant, the government announced Monday.
origin Blog:
Associated Press
origin Author:
Larry Neumeister and Marcy Gordon
Tags:
hedge fund
SAC Capital
economic collapse
Steven A. Cohen
insider trading
SEC
securities exchange commission
FBI
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