Criminal Charges Including Securities and Wire Fraud Leveled Against SAC After seven years of investigation, the largest ever insider-trading case moved forward on Thursday, July 25th: a federal grand jury indicted SAC Capital Advisors, run by billionaire Steven A. Cohen, on charges of securities and wire fraud. The hedge fund was charged with four counts of securities fraud, and one count of wire fraud. The federal government is seeking to force SAC to surrender any fraud-related profits. The charges have been filed specifically against … [Read more...]