Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
SAC Capital and Steven Cohen: Insider Trading is a Fog That Haunts Wall Street
Here we go again, another insider trading accusation on the heels of the Raj Rajaratnam conviction and sentencing. It involves SAC Capital Advisors and a former employee, Matthew Martoma.
The entire episode is detailed in a New York Times article in Monday’s paper. The allegations of insider trading are very serious and could have ramifications to many more individuals before it is over.
Insider trading case targets big donor
Steven A. Cohen, the multibillionaire hedge fund owner implicated in an insider-trading scandal, is a major political donor who has contributed heavily to big players in both parties.
Cohen and his wife, Alexandra, have donated more than $450,000 to the campaign committees and leadership PACs of Senate Majority Leader Harry Reid (D-Nev.), Senate Minority Leader Mitch McConnell (R-Ky.), House Majority Leader Eric Cantor (R-Va.) and other key lawmakers during the past several election cycles, Federal Election Commission records show.
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