SAC’s Cohen Hid $5.5 Million From Ex-Wife, Lawyer Argues
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Steven Cohen, the billionaire founder of SAC Capital Advisors LP, hid $5.5 million from his ex-wife during their 1990 divorce, her lawyer argued before a federal appeals panel in a bid to reinstate her lawsuit.
Howard Foster, a Chicago-based lawyer for Patricia Cohen, said Steven Cohen didn’t include the money, which Foster said Steven received as part of a settlement of a real-estate dispute, on his 1989 financial statement.