Voice of America: US Hedge Fund Pleads Guilty in Criminal Case

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

US Hedge Fund Pleads Guilty in Criminal Case Nov 9th 2013, 00:47, by webdesk@voanews.com (VOA News) One of Wall Street's most successful hedge funds, SAC Capital Advisors, has pleaded guilty to fraud charges. The plea is part of a $1.8-billion deal to resolve allegations the investment firm encouraged rampant insider trading for many years. A lawyer for the company entered guilty pleas Friday in a Manhattan court to four counts of securities fraud and one count of wire fraud. The judge did not immediately accept the plea, saying she must review the terms of the deal. At least... Media files: 572F0ABB-2E7D-49E6-9E03-EB12B5CE363A_cx0_cy5_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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