Steven A. Cohen, founder of a $14 billion hedge fund indicted in what the U.S. calls an unprecedented insider trading scheme, faces a future without a fund or a multibillion dollar fortune. On the other hand, he won’t be behind bars.
The U.S. wants to recover hundreds of millions of dollars from Cohen’s fund, SAC Capital Advisors LP, representing the money it made from its alleged illegal trading, and may try to get billions more from Cohen and the company.
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