Greedy Bastards

SAC Capital’s Senior Technology Portfolio Manager Arrested In Growing Insider Trading Scandal

SAC Capital

The federal government’s investigations into¬†billionaire¬†Stephen A. Cohen’s hedge fund SAC Capital culminated today in the arrest of one its top portfolio managers who was responsible for technology investments. According to the New York Times, Michael Steinberg, who was arrested at his Park Avenue apartment this morning, became the most senior official of the company to be arrested in the SEC’s ongoing investigation into the hedge fund for insider trading. Read More