SAC Seen Avoiding $14 Billion Death Penalty From U.S.
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The money-laundering complaint U.S. Attorney Preet Bharara filed against Steven Cohen's SAC Capital Advisors LP raised the prospect that the hedge fund’s $14 billion in assets may be subject to forfeiture.
“The government couldn’t put Steve in jail,” said Michael Bachner, a defense attorney and former New York prosecutor. “But they decided to give his money the death penalty.”