🦈Steven Cohen was a highly successful hedge fund manager, known for his keen trading instincts.
💰SAC Capital, Cohen's hedge fund, managed $15 billion and achieved impressive returns of 30% annually.
🔍The FBI and SEC accused SAC Capital of insider trading, but Cohen managed to avoid criminal charges.
🌐SAC Capital pled guilty to insider trading, while Cohen's henchmen went to prison.
🕵️♂️The Feds targeted Cohen in a seven-year investigation, but lacked concrete evidence to convict him.
Why was Steven Cohen referred to as the ultimate predator?
—Cohen was known for his keen trading instincts and ability to predict the future, earning him the title of the ultimate predator.
Did Steven Cohen face any criminal charges?
—No, Cohen narrowly escaped criminal charges in the insider trading scandal that brought down his company.
What happened to SAC Capital?
—SAC Capital pled guilty to insider trading, and Cohen's henchmen went to prison.
Did the FBI and SEC have enough evidence to convict Cohen?
—Despite a seven-year investigation, the Feds lacked concrete evidence to convict Cohen of insider trading.
Why did Cohen avoid criminal charges?
—The SEC dropped the insider trading charge against Cohen and instead charged him with 'failure to supervise.'
00:00Steven Cohen was a highly successful hedge fund manager, known for his keen trading instincts.
00:24SAC Capital, Cohen's hedge fund, managed $15 billion and achieved impressive returns of 30% annually.
01:10The FBI and SEC accused SAC Capital of insider trading, but Cohen managed to avoid criminal charges.
01:18SAC Capital pled guilty to insider trading, while Cohen's henchmen went to prison.
03:58The Feds targeted Cohen in a seven-year investigation, but lacked concrete evidence to convict him.
