Welcome login | signup
Language en es fr
OccupyForum

Forum Post: SAC Capital Indicted!!!

Posted 1 year ago on July 30, 2013, 11:28 a.m. EST by shoozTroll (17632)
This content is user submitted and not an official statement

"Federal authorities, under fire for handling Wall Street with kid gloves, have delivered a crippling blow to one of its most successful firms, SAC Capital Advisors, whose outsize trading profits have drawn government scrutiny for more than a decade.

Calling SAC “a veritable magnet of market cheaters,” federal prosecutors announced criminal charges against the hedge fund on Thursday, a rare move against a large company that could threaten its survival. The authorities argued that the firm and its units permitted a “systematic” insider trading scheme to unfold from 1999 to 2010, activity that generated hundreds of millions of dollars in profit for the firm, owned by its founder, the billionaire stock picker Steven A. Cohen."

http://dealbook.nytimes.com/2013/07/25/sac-capital-is-indicted/?hp&_r=1

34 Comments

34 Comments


Read the Rules

[Removed]

[-] 2 points by DKAtoday (26125) from Coon Rapids, MN 1 year ago

Absence of justice does propagate violence.

I guess that is just referred to as job security in law enforcement and the military.

[-] -1 points by shoozTroll (17632) 1 year ago

Hopefully, this means they've spent some time investigating and building a case.

[Removed]

[-] 1 points by DKAtoday (26125) from Coon Rapids, MN 1 year ago

Ya gotta wonder who they kicked in the junk to get the feds "seemingly" to remove the kid gloves and go after em. Remember nothing has been done yet - so far it is just another story. Time will tell if this is just another toothless action again or not.

[-] -1 points by shoozTroll (17632) 1 year ago

All we can do, is try and keep an eye on it.

It's not like we actually have swift justice around here..................:)

[-] 1 points by DKAtoday (26125) from Coon Rapids, MN 1 year ago

It's not like we actually have swift justice around here

Ain't it the truth - major crime being the slowest to be acted on - that is if it ever does get acted on - as to date actions against major crime have been an ACT.

[-] -1 points by shoozTroll (17632) 1 year ago

Mr. Cohen, says, eat drink and be merry, for tomorrow we die.

Party on until the money is gone.

http://www.businessinsider.com/steve-cohen-huge-party-2013-7

Let's hope this guy's party is over.

[-] 1 points by DKAtoday (26125) from Coon Rapids, MN 1 year ago

Let's hope this guy's party is over.

We will know that the party is over/ending ( for the greedy criminals ) when wallstreet is just a smoking pile of rubble.

BTW - Tweet

DKAtoday ‏@DKAtoday

Indictment Of SAC Capital Doesn't Stop Steve Cohen From Throwing A Huge Party http://www.businessinsider.com/steve-cohen-huge-party-2013-7 … via @bi_contributors

SURPRISED ???

[-] -1 points by shoozTroll (17632) 1 year ago

Not at all surprised, but those that he ripped off, will be paying his lawyers anyway, and that's the crying shame of it.

[-] 2 points by DKAtoday (26125) from Coon Rapids, MN 1 year ago

Yep - even if he gets kicked in the SAC - it will be the victims that will get the pain.

Each and every one of these fuckers need to have the Bernie Madoff experience.

[-] -1 points by shoozTroll (17632) 1 year ago

As long as they aren't allowed a dose of Skilling.

[-] 2 points by DKAtoday (26125) from Coon Rapids, MN 1 year ago

Well even skilling wouldn't be so bad if he hit the streets with access only to the lint in his pockets - Hey?

[-] -1 points by shoozTroll (17632) 1 year ago

I always felt

38hrs a week at whatever the minimum wage.

After all assets are socialized.

Not sold off......socialized.

And that's it for the rest of their lives.

[-] 1 points by DKAtoday (26125) from Coon Rapids, MN 1 year ago

After raping and ruining the lives of millions? That would be generous. People do die because of the actions of these assholes.

[-] -1 points by shoozTroll (17632) 1 year ago

Yes I know, but part of the point is that the 38hr minimum a week, would place them among those they hurt the most, and loss of "fortune", is their greatest fear.

[-] 1 points by DKAtoday (26125) from Coon Rapids, MN 1 year ago

Neighborhood advisory that there is gonna be a financial deviant loose in the neighborhood???

[-] 0 points by shoozTroll (17632) 1 year ago

Craigs list!!!

LOL

[-] 0 points by TikiJ (-38) 1 year ago

They must have pissed off Jamie Dimon or Lord...errr...Lloyd Blankfein.

Do you think this will lead to bigger things?

[-] -1 points by shoozTroll (17632) 1 year ago

Not without folks backing the actions of those who are willing to try.

Those who've unplugged, are hopeless.

They've chosen the laziest way out.

How are you doing on your Engler research?

[-] 2 points by frovikleka (2563) from Island Heights, NJ 1 year ago

This gotta be the first civil exchange you guys have had in days.....cool!...;-)..lol

You both earned twiinkles from me!

~Odin~

Edit: Almost forgot, here they are, the twinkles

[-] -2 points by shoozTroll (17632) 1 year ago

You got 10,000 for DK?

Considering some of the things hchc has said to me and about me, sometimes in threads I'm not even in?

I could post an entire thread of insults, and still be civil.

I don't care for people that link to breitbart, and then pretend they didn't.

come to think of it?

you could use to be a bit more civil to me yourself.

I'm an observant motherfucker, and I've seen your hints and allegations about me and few others, Odin.

That wasn't very nice.

Nor was your comment to me the other day, to which I responded....................................

[-] -1 points by frovikleka (2563) from Island Heights, NJ 1 year ago

If being civil to you means .. going along with the crap you put out on here...I'll pass

And you will get your response from me for your hypocritical lack of courage... for defending a bullshit thread.. in due time

In the meantime, I do realize that partisans like yourself don't seem to have a lot of backbone....nighty nite....

~Odin~

[-] -3 points by shoozTroll (17632) 1 year ago

Now about those points for DK?

what do you know about that?

[-] -3 points by shoozTroll (17632) 1 year ago

You could have asked for an explanation without the insults.

In spite of it. I didn't insult you in my response.

The only thing I accused you of, was playing into this weeks "put shooz on the defense" wagon.

I would have expected more from you.

I no longer do.

[-] 1 points by frovikleka (2563) from Island Heights, NJ 1 year ago

As far as DK's points go, that's between him, the adminsistration and anyone who wants to support him

I do not have the computer expertise to have screwed him out of his points, nor would I want to spend so much time in so much negativity....and i do not know who is responsible either

The comment I put up was light and good natured, but you saw it as a chance to f..k with me, and of course i fired back

If you were really interested in improving this forum, I suggest that you reread some of the exchanges between you and Tiki

And you will see that both you and he were vulgar, accusatory and deceitful

For all the times i have been banned (unfairly), you would be hard-pressed to find anytime where I used profanity against someone

~Odin~

[-] -3 points by shoozTroll (17632) 1 year ago

Pretty good don't actually answer the question honestly.

It sounded like a hair color commercial, only less supportive.

http://occupywallst.org/forum/aug-7-9-three-days-action-shut-down-alec-chicago/

I was correct. hchc was incorrect. Will you admit that? along with all of those that think ALEC doesn't matter.

Light?? LOL

That reminds me of Mr. Munny claiming his blatant insults were observation. Baiting me and claiming he wasn't while the bots voted him up.

You should pay more attention to what's actually happening.

and you came out of nowhere, to support what in essence was a troll attack. And hchc? He really did post from the John Birchers, Alex Jones and Beitbart.

If you support that unchallenged??

If that doesn't anger you?

You lose all the respect I have left for you.

I believe he's been banned again. Good riddance.

[-] -1 points by frovikleka (2563) from Island Heights, NJ 1 year ago

Go away little man..Find someone else to suck into your daily twisted, vulagar debates

There are people out there that need to be co-pted into the dem party, and things are not going well for you

~Odin~

[-] -1 points by shoozTroll (17632) 1 year ago

Excuse me?

What was vulgar about my post?

Calling me "little man"?

That's vulgar.

That's twisted.

That you would accuse me of the same thing trolls do ( can you show the quote?) and insult me and not respond to links to the John Birch Society?

I've actually been having a pleasant convo about unions, you're welcome to join in......................:)

[-] -1 points by frovikleka (2563) from Island Heights, NJ 1 year ago

Shooooooo!....;-)

~Odin~

[-] -1 points by shoozTroll (17632) 1 year ago

For now..........................:)

I will keep in mind that you support bots/puppets and Birchers though.

Interesting.

[-] -1 points by frovikleka (2563) from Island Heights, NJ 1 year ago

You really should have gotten out...more in the world when you had the chance shooz

~Odin~

[-] 1 points by shoozTroll (17632) 1 year ago

Or just tooted my horn more, like you?

Hey that hchc guy called me the Grand Inquisitor.

In that vein, I'd like to ask you how many times you've been banned, and how many times did admin reactivate your banned account as opposed to how many times you just ignored all that and made up a new nameplate?

And what was your personal justification for doing so?

Sorry, but I really was taught to question everything and everyone.

And I had to question, as you did insult me unprovoked.

It's part of who I am, and it's the part of me, I'm most proud of.

So please, if you would, answer the questions fully and honestly..

[-] -1 points by shoozTroll (17632) 1 year ago

One from Goldman's bites the dust, after bragging about selling toxic bonds to "widows and orphans".

http://www.thedailybeast.com/cheats/2013/08/02/former-goldman-trader-found-liable.html

I'm beginning to understands ZD's attitude.

How many have skipped away?