Sign in to comment!

Menu
Home

Crime & Courts

After making billions, one of America's richest lands at the center of insider trading probe

Steven A. Cohen may not be a household name, but he's made a name for himself. In finance, fine art and sports, he's had an extraordinary run of success and has amassed assets worth more than $8 billion.

Lately, Cohen has been linked to what federal prosecutors in New York call history's most lucrative insider trading scheme, earning a quarter of a billion dollars. Cohen is not charged but authorities don't dispute characterizations of him as the "Hedge Fund Owner" repeatedly referenced in a criminal complaint against a former employee. The Securities and Exchange Commission has notified his firm, SAC Capital, that it is considering action.

Cohen reportedly assured investors his firm played by the rules. A spokesman says SAC and Cohen are cooperating and confident they acted appropriately.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.99% dw 4.00%  
15 Y Fixed Graph 3.06% dw 3.11%  
30 Y Fixed Jumbo Graph 4.15% dw 4.20%  
5/1 ARM Graph 3.20% -- 3.20%  
5/1 Jumbo ARM Graph 3.48% -- 3.48%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% up 4.30%  
$50K HELOC Graph 3.98% up 3.96%  
$30K Loan Graph 4.99% -- 4.99%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% dw 2.94%  
36 M Used Graph 3.47% dw 3.49%  
48 M New Graph 3.19% dw 3.20%  
48 M Used Graph 2.99% -- 2.99%  
60 M New Graph 3.19% dw 3.20%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% -- 0.39%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.55% -- 1.55%