Three things I’ve learned recently about the latest Wall Street scandal, with the SAC Capital Advisers hedge fund being fined $1.8 billion by the SEC for insider trading:


1.  SAC stands for Steven A Cohen, and well over half the fund’s capital is Cohen’s money. After the fine, the fund still has $9 billion of his money.


2. A tweet from a guy  I follow:








GS Elevator Gossip ?@GSElevator 4h

#1: I covered SAC. No lie, Steve fucking Cohen would keep a Maybach out front with the engine running at all times.


3. Before the settlement with the SEC, Cohen was 43rd on the Forbes list of wealthiest Americans. After the settlement, he’s fallen to 59th. Poor guy.








Three things I’ve learned recently about the latest Wall Street scandal, with the SAC Capital Advisers hedge fund being fined $1.8 billion by the SEC for insider trading:

1.  SAC stands for Steven A Cohen, and well over half the fund’s capital is Cohen’s money. After the fine, the fund still has $9 billion of his money.

2. A tweet from a guy  I follow:

GS Elevator Gossip ?@GSElevator 4h

#1: I covered SAC. No lie, Steve fucking Cohen would keep a Maybach out front with the engine running at all times.

3. Before the settlement with the SEC, Cohen was 43rd on the Forbes list of wealthiest Americans. After the settlement, he’s fallen to 59th. Poor guy.