Thursday, April 18, 2013

Stoolie turns up heat on Steve Cohen

According to the NY Post more bad news has landed at the doorstep of billionaire hedge-fund honcho Steven Cohen. Cohen, who just had his ex-wife’s racketeering lawsuit against him revived, learned yesterday that a former employee of his $14 billion SAC Capital Advisors has become quite the government stoolie.

Jon Horvath, an analyst with SAC’s Sigma Capital unit until his arrest last year on insider-trading charges, pleaded guilty last September. The government was given until March 31 to say whether he should be sentenced.  But he has apparently been so helpful to prosecutors and the FBI probing fraud at SAC that the feds requested the sentencing be put off for six months..

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