Steve Cohen

Steve Cohen Will Not Face Criminal Charges [REPORT]

FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports that insiders from SAC Capital say that founder Steve Cohen will not be “charged criminally” and that he will “survive this” insider trading probe. Gasparino discussed further that “insiders say the fund will likely end up paying a large fine” and that’s how this investigation “might end.” One insider tells Gasparino, “things are going better than the press would have you believe.”

Steve Cohen Will Not Face Criminal Charges [REPORT]

Excerpts from the report are below.

On whether SAC founder Steve Cohen will be charged criminally with insider trading:

“I’ve been talking to people who deal directly with some of the senior portfolio managers in there and this is what they are telling me. They are saying that SAC -and these are from inside the company and they are telling me some investors – Steve Cohen the head of the firm the guy that received the subpoena last week the guy may face RICO charges as we’ve been reporting, will survive this. He will not – that’s the feeling internally, be charged criminally. Insiders say the fund will likely end up paying a large fine – that’s how this thing might end at least according to the insiders that when all said and done they will end the Justice Department’s probe. It’s from the Manhattan U.S. Attorney’s Office, it’s from Preet Bharara’s office they will end it by paying a large fine with Cohen not going to jail at least that is what the insiders are saying. What’s interesting is that one insider told FBN things are going better than the press would have you believe.”


Saved Articles

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted & limited time offer for being a sophisticated and loyal reader.

ValueWalkPremium is a website and newsletter on the latest industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today and get our exclusive content for 40% off. This is our second biggest discount ever!!

Use coupon code VIP20 or click on the button below

Limited time offer only ENDS 2/29/2019 or after next 25 subscribers take advantage whichever comes first – please do not share this discount with others