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HomeSAC Capital: Most Likely Done
Posted by Larry Doyle on July 26th, 2013 8:03 AM |
At the time, the firm tried to put the typical spin on this situation and offered that it was continuing to assist with the ongoing investigation. My gut instincts tell me that both Cohen and the firm believed that the $600+ million was the “stay out of jail” card for Cohen himself and the green light for the firm to continue business. Two months later, the “can’t we all be friends” approach took a dramatic change as SAC said that it would no longer cooperate.
Fast forward another two months and this week we witness an indictment of the firm, although not of Cohen himself. (Come on, paying $600 million has to get you something, right?) (more…)
