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Posts tagged "charges against companies"

How noteworthy is the SAC Capital Advisors securities fraud case?

Since the U.S. Department of Justice filed charges of “rampant insider trading” against SAC Capital Advisors and three of its subsidiary hedge funds last week, the financial media has been flooded with stories about the case. Announcing securities and wire fraud charges against the companies themselves as well as against individuals working there, the U.S. Attorney’s Office said the alleged criminal activity was “substantial, pervasive and on a scale without known precedent in the history of hedge funds.”

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