Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Contact Us | All Access E-Edition | Home RSS
 
 
 

Hedge fund giant SAC Capital to pay $1.8B penalty

November 5, 2013
BY LARRY NEUMEISTER , The Associated Press

NEW YORK - SAC Capital Advisors will plead guilty to criminal fraud charges, stop investing money for others and pay $1.8 billion - the largest financial penalty in history for insider trading - to resolve criminal and civil claims against the hedge fund giant, the government announced Monday.

 
 
 

 

I am looking for: