SAC’s Steven Cohen Might Escape Criminal Charges

SAC Capital chief Steven Cohen is likely to avoid criminal charges relating to insider trading, as U.S. prosecutors don’t have enough evidence. According to a report in The Wall Street Journal, the U.S. prosecutors have concluded that they don’t have sufficient evidence to convict the hedge fund billionaire before a July deadline. The recent conclusion of the U.S. prosecutors is in line with the earlier expectation, wherein insiders from SAC Capital said founder Steve Cohen will not be “charged criminally” and that he will “survive” the insider trading probe. Charges Against Cohen Relate To 2008 Transactions The charges against the hedge…