SAC Capital and Justice

/SAC Capital and Justice

SAC Capital and Justice

By | 2017-08-18T16:57:14+00:00 May 21st, 2013|Uncategorized|3 Comments
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(Last Updated On: August 18, 2017)

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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After serving as a Captain in the United States Marine Corps, Dr. Gray earned a PhD, and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management that delivers affordable active exposures for tax-sensitive investors. Dr. Gray has published four books and a number of academic articles. Wes is a regular contributor to multiple industry outlets, to include the following: Wall Street Journal, Forbes, ETF.com, and the CFA Institute. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.