A high-ranking trader at SAC Capital -- the hedge fund run by billionaire Steven Cohen that is at the center of a federal investigation into insider trading -- was charged with securities fraud Friday, according to federal authorities.
Meaningless- one of the managers (not Cohen) charged with making $1.4m in illegal insider trades- chump change.
He paid 660 million in fines out of his 10 billion dollar net worth then bought a picasso and a house in the hamptons .. Spent another 250 million plus to cheer himself up
Sentiment: Strong Buy