SAC’s ‘Cohen Account’ Examined by U.S. in Insider-Trading Probe
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SAC Capital Advisors LP accounts tied to portfolio managers who pleaded guilty in a nationwide probe of insider trading are being investigated by U.S. prosecutors. Those accounts include one run by SAC founder Steven A. Cohen.
In a March 24 letter filed in Manhattan federal court, prosecutors said they had recovered records from the hedge fund, and listed documents tied to the “Cohen Account” that they made available to defense lawyers. The files are among a growing amount of data, wiretap-recordings and e-mails involving hedge funds, companies and individuals accumulated as part of the government’s investigation.