Now’s the time for Brown University to inaugurate a Steven A. Cohen Legal Defense fund, as the federal government begins to look as though it might move against that university’s most high-profile trustee.
True, for now Cohen has not been charged; and for now his personal fortune is close to ten billion dollars. But he may be charged; and already he has what Bloomberg News calls “fleeing clients” costs. Just in case things do go south for him, this would be a fitting continuation of the support of the hedge fund manager that the Brown Corporation has thus far maintained.
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At least he’s in good company.
By seeking Mr. Cohen’s testimony, federal prosecutors could be trying to get him lie before the grand jury, legal experts say. This way, they could try to charge him with perjury instead of insider trading, which was a similar tack that the government took in its criminal case against the media personality Martha Stewart.
April 23rd, 2014 at 9:35AM
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