By Jake Zamansky, Contributor The Feds have opened their substantial arsenal this week to take down Steve Cohen, the Biggest Fish on Wall Street, and a minnow, Fabulous Fab, or Fabrice Tourre, the former Goldman Sachs executive who allegedly defrauded investors in a complex mortgage bond called Abacus. …read more
Source: FULL ARTICLE at Forbes Latest
By Steve Schaefer, Forbes Staff
Another defendant was ensnared in the government’s probe of Steve Cohen’s hedge fund SAC Capital Tuesday, with criminal and civil charges filed against Sandeep Aggarwal. …read more
Source: FULL ARTICLE at Forbes Latest
Federal prosecutors and regulators are aggressively moving to put legendary hedge fund SAC Capital Advisors out of business. The Securities & Exchange Commission last week brought an administrative action against Steve Cohen, alleging the billionaire founder and owner of SAC failed to supervise employees who were engaged in insider trading. Now, Preet Bharara, the U.S. Attorney in Manhattan is reportedly set to indict SAC Capital in the next few days, which likely would put the hedge fund firm that manages $15 billion out of the business of managing external funds. …read more
Source: FULL ARTICLE at Forbes Latest
It may be time for Steve Cohen to stop talking, tweeting, or communicating with planet Earth in any fashion, since it usually doesn’t seem to end well for him. The congressman first got into hot water for tweeting affectionately at a much-younger bikini model, then claimed she was his secret… …read more
Source: FULL ARTICLE at Newser – Home
On a sweltering hot summer Friday afternoon on Wall Street, the Securities & Exchange Commission filed an administrative action against Steve Cohen, accusing one of the richest and most successful traders of his generation with failing to supervise his employees while they were engaged in insider trading. …read more
Source: FULL ARTICLE at Forbes Latest
By Halah Touryalai, Forbes Staff
The SEC is hitting billionaire Steve Cohen where it kind of hurts by trying to ban him from nvesting other people’s money. …read more
Source: FULL ARTICLE at Forbes Latest
By Steve Schaefer, Forbes Staff
The SEC has slapped hedge fund manager Steve Cohen with civil charges, accusing the billionaire of “failure to supervise” a pair of senior employees who have been slapped with insider trading charges. …read more
Source: FULL ARTICLE at Forbes Latest
WASHINGTON — Sometimes, congressmen just want to have fun.
Rep. Steve Cohen, D-Tenn., said he wasn’t flirting with singer Cyndi Lauper earlier this week when he tweeted to her that he “couldn’t believe how hot” she was.
The tweet Tuesday — and its deletion 21 minutes later — were all part of a joke designed to get publicity for a PBS documentary airing next week about the music scene in Memphis, the city Cohen represents in Congress, the lawmaker said Friday at a news conference.
Cohen tweeted to Lauper, “great night, couldn’t believe how hot u were. See you again next Tuesday. Try a little tenderness.”
Lauper, famous for ’80s hits like “Girls Just Want to Have Fun,” ”Time after Time” and “True Colors,” recorded her most recent album, the critically acclaimed “Memphis Blues,” in Memphis, and the singer is featured in the PBS film.
Read more at Official Wire. By Henry C. Jackson.
From: http://www.westernjournalism.com/dem-tweet-calling-singer-hot-a-prank/
In what may be the year’s most unusual PR stunt, Democratic Rep. Steve Cohen claimed Friday that a flirtatious tweet on Cyndi Lauper was merely meant to drum up publicity for a PBS program on his city’s music scene.
From: http://feeds.foxnews.com/~r/foxnews/politics/~3/Re5-ISb6Amg/
By The Huffington Post News Editors
WASHINGTON — Sometimes, congressmen just want to have fun.
Democrat Steve Cohen says he wasn’t flirting with singer Cyndi Lauper earlier this week when he tweeted that he “couldn’t believe how hot” she was. Cohen, who quickly deleted the tweet, says it was actually a joke designed to get publicity for an upcoming documentary.
From: http://www.huffingtonpost.com/2013/04/12/steve-cohen-cyndi-lauper_n_3071319.html
By Jake Zamansky, Contributor Hedge fund king Steve Cohen has to be “public enemy number one.” …read more
Source: FULL ARTICLE at Forbes Latest
Michael Steinberg was reportedly staying at hotels away from home because he knew FBI agents could be coming for him and he wanted to avoid upsetting the wife and kids. No matter how much Steinberg’s lawyers tried to negotiate something more civil, the government felt the need to parade someone so close to Steve Cohen in front of the cameras. …read more
Source: FULL ARTICLE at Forbes Latest
By Robert W. Wood, Contributor
The SEC announced Friday it settled–for a cool $600M–insider trading charges with CR Intrinsic, an affiliate of billionaire Steve Cohen‘s hedge fund. See Steve Cohen‘s Hedge Fund To Pay Over $600M To Settle Insider Trading Charges. Trader Mathew Martoma still faces criminal charges over an alleged tip on clinical trial results for an Alzheimer’s drug from Elan Pharmaceuticals. Sigma Capital Management (another Cohen affiliate) also settled for about $14 million insider trading related to Dell and Nvidia stock. …read more
Source: FULL ARTICLE at Forbes Latest
By Agustino Fontevecchia, Forbes Staff
The Securities and Exchange Commission (SEC) announced it reached a settlement on insider trading charges with SAC Capital affiliate CR Intrinsic. The SEC has stepped up the pressure on the hedge fund run by billionaire Steve Cohen, getting the largest settlement ever for an insider trading case on Friday, in which portfolio manager Mathew Martoma was accused of getting a tip from a doctor involved in the clinical testing of an Alzheimer’s drug. Another SAC Capital affiliate, Sigma Capital Management, settled on Friday for a more modest sum related to insider trading purportedly executed by Jon Horvath in Dell and Nvidia stock. …read more
Source: FULL ARTICLE at Forbes Latest
U.S. Rep. Steve Cohen has revealed he’s the father of the 24-year-old Texas woman he was communicating with on Twitter during the State of the Union in an exchange that drew news media attention.
By Evann Gastaldo 
Source: FULL ARTICLE at Newser – Home
