Whether Cohen will ultimately face criminal charges, Frenkel said to “look at the example” of Rajat Gupta, the former Goldman Sachs director charged in the insider trading investigation of Raj Rajaratnam’s Galleon Group. “The SEC brought an administrative action against Gupta,” Frenkel recalled, “and within 30 days, the next thing you know, there’s a criminal indictment.”
Will our highest-profile trustee, Steven Cohen, get hit with criminal, and not just administrative actions? Stay tuned!
July 22nd, 2013 at 11:24AM
Interesting item by Felix Salmon on Cohen’s MO:
http://blogs.reuters.com/felix-salmon/2013/07/21/the-secs-important-case-against-stevie-cohen/