Prosecutors are considering charging Steven A. Cohen’s SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter.
Prosecutors may use the Racketeer Influenced and Corrupt Organizations Act, most commonly associated with prosecutions against the mafia, to move against Cohen’s $15 billion hedge fund company, said the person, who spoke on condition of anonymity. Continue reading “Prosecutors consider using racketeering law against SAC: source”

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