SAC To Pay $1.8 bn For Insider Trading: US Attorney

SAC to pay $1.8 bn for insider trading: US Attorney (via AFP)

Giant hedge fund SAC Capital has agreed to plead guilty to criminal charges of insider trading and pay $1.8 billion to settle them, the US Attorney’s office announced Monday. SAC, run by multi-billionaire Steven A. Cohen, also agreed to give up its…

About the Author

These article are syndicated from AFP via Repost.US and is posted here with permission. Copyright 2013 AFP. All Rights Reserved