Steven A. Cohen http://wamc.org en SAC Capital Employee Found Guilty In NYC Case http://wamc.org/post/sac-capital-employee-found-guilty-nyc-case <p>A portfolio manager for one of the nation's largest hedge funds who was accused of using insider trading to boost sagging results in 2007 has been found guilty of all charges at a New York City trial.</p><p>A jury in federal court in Manhattan issued the verdict for Michael Steinberg on Wednesday.</p><p>Steinberg's case was the first to result from the government's focus on insider trading at SAC Capital Advisors.</p> Thu, 19 Dec 2013 12:22:21 +0000 Jaired Crofut 80181 at http://wamc.org SAC Capital Employee Found Guilty In NYC Case Hedge Fund To Operate As It Faces US Fraud Charges http://wamc.org/post/hedge-fund-operate-it-faces-us-fraud-charges <p>A giant hedge fund led by an embattled billionaire is pledging to continue normal operations after a New York indictment accused it of insider trading.</p><p>The indictment against SAC Capital Advisors was unsealed Thursday. Lawyers for the company are expected to appear in federal court in Manhattan this morning. The charges claim the company permitted an environment where extensive insider trading could reap hundreds of millions of dollars in illegal profits for more than a decade.</p> Fri, 26 Jul 2013 11:13:02 +0000 Jaired Crofut 70054 at http://wamc.org Hedge Fund To Operate As It Faces US Fraud Charges