From FierceFinance: For months now, federal prosecutors have been weighing
whether to bring criminal charges against Michael Steinberg, a former
technology portfolio manager with SAC Capital's Sigma Capital division and
confidante of Steve Cohen. He has long been thought to be the ultimate prize in
the insider trading investigations.
Steinberg had been named previously by prosecutors as an
unindicted co-conspirator in a criminal prosecution involving convicted hedge
fund traders, Todd Newman and Anthony Chiasson. Any charges would likely
involve trading in Dell, as evidence in trials made clear that Steinberg and
his colleagues discussing Dell's earnings performance before they were publicly
released. Trading in Nvidia may also be included….
Read all about it at http://www.fiercefinance.com/story/michael-steinberg-about-be-criminally-charged/2013-03-18
No comments:
Post a Comment