Bharara, Venizelos Speak About SAC Indictment
July 25 (Bloomberg) -- Manhattan U.S. Attorney Preet Bharara and George Venizelos, assistant director in charge of the FBI's New York field office, speak about an indictment alleging SAC Capital Advisors LP perpetrated an unprecedented insider trading scheme.
The hedge fund founded by Steven A. Cohen was charged with four counts of securities fraud and one count of wire fraud in an indictment unsealed in Manhattan federal court. Bharara and Venizelos speak at a news conference in New York. (Source: Bloomberg)