Steve Cohen Beat Insider Trading Charges. Now He Owns PSA
Steve Cohen’s SAC Capital pleaded guilty to insider trading in 2013. $1.8 billion in fines. Eight employees went to prison. Over a decade of systematic fraud from 1999-2010. Cohen? Zero criminal charges.Steve CohenHe received “highly suspicious information” and handed out massive bonuses to the traders running the schemes. His punishment? A two-year timeout from managing outside money. That’s it. Some of his…