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Feds charge hedge fund SAC Capital in NY case

July 26, 2013
By LARRY NEUMEISTER , THE ASSOCIATED PRESS

NEW YORK - The hedge fund operated by embattled billionaire Steven A. Cohen made hundreds of millions of dollars illegally and allowed unprecedented and pervasive insider trading to go unchecked for years, federal prosecutors said in an indictment unsealed Thursday.

 
 

 

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