Where do you study? prosolution leasing This famous ancient proverb explains the government’s full-out assault on Steven Cohen and his allegedly corrupt hedge fund with his personal initials, SAC. The Justice Department has brought criminal charges against 8 existing or former employees of SAC, and 6 of them have already pleaded guilty or been convicted of using “inside information” to make huge trading profits. Though Cohen claims he is totally innocent of any criminal charges, the government believes the pattern of abuse suggests that SAC’s exceptional returns are the result of a culture that fosters getting the edge by breaking the law. In other words, “the fish(in this case SAC) stinks from the head,”(in this case Steven Cohen.) That’s why Justice is indicting SAC(the fish) as a way of punishing the Cohen(the head). The US Attorney in the Southern District of New York, Preet Bharara, who recently claimed “no one was too big to indict” charges that Cohen’s SAC is a “magnet for cheaters.”
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