So you break the law, admit it, but because you’re a billionaire you don’t get in trouble this time (fluke event, of course), but promise to let them bust you the next time it happens.
Cohen has discussed an agreement under which his SAC Capital Advisors LP would admit wrongdoing but wouldn’t be prosecuted unless it broke the law again, said the person, who asked not to be named because the talks are private. As part of the deal, known as a deferred prosecution agreement, Cohen would close the Stamford, Connecticut-based firm to outside investors and make it a family office that manages his personal fortune. SAC Capital probably would also pay a fine.
Source: FA Mag..maybe this is a bunk source, who knows.
Am I reading this right?
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