SAC to plead guilty to insider trading

 
 
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Saturday November 02 2013
 
 
Breaking news
 
SAC to plead guilty to insider trading
 
SAC Capital, the $15bn hedge fund run by Steve Cohen, will plead guilty to securities fraud and pay over $1bn in fines in one of the biggest criminal cases against a hedge fund, a person familiar with the matter said. The plea and fine are expected to be announced as soon as Monday, this person said.
 
 
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