Article: A Tycoon’s Deep-State Conspiracy Dive

Article - Media, Publications

A Tycoon’s Deep-State Conspiracy Dive

Sheelah Kolhatkar, 07 December 2020

In July, 2015, Patrick Byrne, the founder of the online discount retailer Overstock, delivered a twenty-minute talk at FreedomFest, the annual libertarian conference in Las Vegas. Other speakers included the venture capitalist Peter Thiel; John Mackey, the chief executive officer of Whole Foods; and the Presidential candidate Donald J. Trump.

Byrne’s talk, entitled “Turtles All the Way Down: How the Crypto-Revolution Solves Intractable Problems on Wall Street,” was a version of one he had given many times before. It touched on several of his interests, including the kind of liberalism usually referred to as libertarianism, the flaws in the structure of the stock market which make it vulnerable to manipulation, and how a blockchain-based financial system could eliminate those flaws. After the talk, a line of people waited by the stage to speak to Byrne.
Continue reading “Article: A Tycoon’s Deep-State Conspiracy Dive”

Article: ‘Hedge Fund King’ Steven Cohen Gets Back to Business

Article - Media, Publications

‘Hedge Fund King’ Steven Cohen Gets Back to Business

Money Talking, 02 February 2018

Before he was known for an insider trading scandal, Steven Cohen was known as the “hedge fund king,” bringing sky-high returns to clients at his super successful firm, SAC Capital Advisors — and serving as an inspiration for the Showtime series “Billions.”

Now, Cohen is looking to get back into business after a two-year ban on trading other people’s money ended at the start of this year. With his new company, Point72 Asset Management, Cohen is once again courting clients and their billions — up to $4 billion, according to a recent report from Bloomberg. Continue reading “Article: ‘Hedge Fund King’ Steven Cohen Gets Back to Business”

Article: The Story of Steve Cohen and SAC Capital

Article - Media, Publications

The Story of Steve Cohen and SAC Capital

RICHMAN CENTER NEWS, 30 October 2017

On October 30, 2017, the Richard Paul Richman Center for Business, Law, and Public Policy held a fireside chat with Sheelah Kolhatkar, author of Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street. In her book, Kolhatkar relives the challenges faced by federal prosecutors while investigating insider trading by SAC Capital, a hedge fund headed by Steve Cohen—a secretive, intense, and highly successful trader who made billions from short term investments and trading. Continue reading “Article: The Story of Steve Cohen and SAC Capital”

Article: How Wall Street billionaire Steve Cohen survived an insider trading scandal

Article - Media, Publications

How Wall Street billionaire Steve Cohen survived an insider trading scandal

CBC Radio, 07 April 2017

Scandal on Wall Street didn’t end with 2008’s financial crisis. New Yorker staff writer Sheelah Kolhatkar chronicles the rise and fall of the prominent hedge fund SAC Capital in a new book, Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street.

Kolhatkar explains how insider trading allegations dogged the company and its ultra-rich founder, Steven Cohen. Cohen “was an iconic figure in the financial industry,” she tells The Current’s Friday host Piya Chattopadhyay. Continue reading “Article: How Wall Street billionaire Steve Cohen survived an insider trading scandal”

Media: Sheelah Kolhatkar

Media

Sheelah Kolhatkar, a former hedge fund analyst, is a staff writer at The New Yorker, where she writes about Wall Street, Silicon Valley, and politics, among other things. She has appeared as a speaker and commentator on business and economics issues at conferences and on broadcast outlets including CNBC, Bloomberg Television, Charlie Rose, PBS NewsHour, WNYC and NPR. Her writing has also appeared in Bloomberg Businessweek, New York, The Atlantic, The New York Times and other publications. She lives in New York City.

She is the author of Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street.

Before becoming a journalist, she spent several years as a risk arbitrage analyst at two hedge funds in New York City. Sheelah holds an undergraduate degree from New York University and a M.A. from Stanford University. She lives in New York.

The New Yorker / Sheelah Kolhatkar

Sheelah Kolhatkar Home Page

Article: How billionaire hedge fund titan Steve Cohen walked away from the biggest insider trading scandal in history

Article - Media, Publications

How billionaire hedge fund titan Steve Cohen walked away from the biggest insider trading scandal in history

Graham Flanagan and Rachael Levy , 15 February 2017

In her new book “Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street,” author Sheelah Kolhatkar chronicles the incredible story of the biggest insider trading scandal in history. Continue reading “Article: How billionaire hedge fund titan Steve Cohen walked away from the biggest insider trading scandal in history”

Book: Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street

Book
Amazon Page

NEW YORK TIMES BESTSELLER • “An essential exposé of our times—a work that reveals the deep rot in our financial system . . . Everyone should read this book.”—David Grann, author of Killers of the Flower Moon

The hedge fund industry changed Wall Street. Its pioneers didn’t lay railroads, build factories, or invent new technologies. Rather, they made their billions through financial speculation, by placing bets in the market that turned out to be right more often than not.

Continue reading “Book: Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street”

Article: ‘Black Edge’ Recounts The Biggest Insider-Trading Scandal In History

Article - Media, Publications

‘Black Edge’ Recounts The Biggest Insider-Trading Scandal In History

Fresh Air, 07 February 2017

Sheelah Kolhatkar discusses the investigation of billionaire hedge-fund trader Steven A. Cohen. She says the ways Wall Street elites accumulate wealth often negatively affect the rest of the country. Continue reading “Article: ‘Black Edge’ Recounts The Biggest Insider-Trading Scandal In History”