Jump to content
House Price Crash Forum
Sign in to follow this  
@contradevian

Sac Faces Capital Fraud Charges

Recommended Posts

http://www.bbc.co.uk/news/business-23451061

"[sAC's] relentless pursuit of an information 'edge' fostered a business culture within SAC in which there was no meaningful commitment to ensure that such 'edge' came from legitimate research and not inside information," court filings said.

Zerohedges take..

http://www.zerohedge.com/news/2013-07-25/so-it-begins-sac-indicted-federal-grand-jury-new-york

Perhaps now is a good time to retreat to the hockey rink behind 9 feet of electrified fence, before the TV newsvans arrive at 72 Cummings Point road. As for what happens to the 5-10% of daily NYSE volume traditionally associated with the SAC, we will find out soon enough.

I wonder how much of this goes on in London, and will never be uncovered due to the ineffectual SFO?

Share this post


Link to post
Share on other sites

Corzine gets off scot free, but of course was an Obama fundraiser.

Presumably someone hasnt paid their party political bungs.

According to CNBC, SAC was a magnet for market cheaters; SAC hired Richard Lee despite reputation for insider trading, Lee is now cooperating with government.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 245 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.