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SAC Settlement Leaves Cohen Vulnerable

  • Aired: 1/4/2013
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Synopsis >

It's game over for hedge fund SAC Capital as we know it. The firm will pay more than $1.8 billion- a record- to settle wire fraud and insider trading charges. The firm will no longer provide investment advisory services and won't accept funds from outside investors The deal ends a 7 year investigation. Prosecutors say employees were encouraged to tap into personal networks to get inside information about publicly traded companies.

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