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Tuesday, January 8, 2013
Will Steven Cohen of SAC Capital Climb Wall of Worry About Informant?
The "extraordinary cooperation" of former SAC Capital trader Wesley Wang was cited by federal agents in a recent federal court filing preceding Wang's upcoming sentencing for insider trading. In addition to his help in building other cases that have led to numerous convictions or guilty pleas in a still-expanding insider trading investigation, the letter references numerous other people whom federal authorities have yet to approach or indict.
The letter is further evidence suggesting that SAC Capital titan Steven Cohen may be the ultimate target of the still vibrant federal criminal investigation.