Arte Moreno one of just 4 owners to vote against Steve Cohen's ownership approval

[rafibomb]

 

 

[yk9001]

[Taylor]

Since Arte voted against him, I support Cohen.

[Junkballer]

He probably just wanted to attend meetings with J-Lo.  Arte, ya old dog you.

[ukyah]

maybe arte thinks cohen is a scum bag. somebody ask him how he feels about the wilpons.

[aznhockeyguy]

Arte doesn't want a competent owner to make him look bad or drive up the price of players that he wants. 

[ukyah]

3 minutes ago, aznhockeyguy said:

Arte doesn't want a competent owner to make him look bad or drive up the price of players that he wants. 

hmmm, nope that doesn't sound right. anybody else? i'll know it when i hear it.

[eligrba]

Don't care.

[Docwaukee]

4 hours ago, ukyah said:

hmmm, nope that doesn't sound right. anybody else? i'll know it when i hear it.

On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.^[17][18] The SEC brought charges against a number of other SAC employees from 2010 to 2013 with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.^[19] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg, who was a senior employee and confidant of Cohen's.^[20] Cohen settled his civil case with regulators in January 2016; the agreement with the SEC prohibited Cohen from managing outside money until 2018.^[20]

S.A.C. Capital Advisors "pleaded guilty to insider trading charges in 2013 and paid $1.8 billion in penalties" and was required to stop handling investments for outsiders.^[14] Cohen "escaped criminal indictment himself despite being the living, breathing heart of S.A.C. Capital,"^[14] but Dr. Sidney Gilman, the star prosecution witness against Martoma, testified that FBI agents told him that Cohen was the investigation's ultimate target.^[21] He was featured in a January 2017 New Yorker article titled, "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".^[22]

[Jay]

6 hours ago, Dochalo said:

S.A.C. Capital Advisors "pleaded guilty to insider trading charges in 2013 and paid $1.8 billion in penalties" and was required to stop handling investments for outsiders.^[14] Cohen "escaped criminal indictment himself despite being the living, breathing heart of S.A.C. Capital,"^[14] but Dr. Sidney Gilman, the star prosecution witness against Martoma, testified that FBI agents told him that Cohen was the investigation's ultimate target.^[21] He was featured in a January 2017 New Yorker article titled, "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".^[22]

Perfect fit for MLB ownership.

[ukyah]

16 hours ago, Dochalo said:

On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.^[17][18] The SEC brought charges against a number of other SAC employees from 2010 to 2013 with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.^[19] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg, who was a senior employee and confidant of Cohen's.^[20] Cohen settled his civil case with regulators in January 2016; the agreement with the SEC prohibited Cohen from managing outside money until 2018.^[20]

S.A.C. Capital Advisors "pleaded guilty to insider trading charges in 2013 and paid $1.8 billion in penalties" and was required to stop handling investments for outsiders.^[14] Cohen "escaped criminal indictment himself despite being the living, breathing heart of S.A.C. Capital,"^[14] but Dr. Sidney Gilman, the star prosecution witness against Martoma, testified that FBI agents told him that Cohen was the investigation's ultimate target.^[21] He was featured in a January 2017 New Yorker article titled, "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".^[22]

i was aware of this, just being a little aloof.

[Dtwncbad]

On 11/4/2020 at 10:24 PM, Dochalo said:

On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.^[17][18] The SEC brought charges against a number of other SAC employees from 2010 to 2013 with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.^[19] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg, who was a senior employee and confidant of Cohen's.^[20] Cohen settled his civil case with regulators in January 2016; the agreement with the SEC prohibited Cohen from managing outside money until 2018.^[20]

S.A.C. Capital Advisors "pleaded guilty to insider trading charges in 2013 and paid $1.8 billion in penalties" and was required to stop handling investments for outsiders.^[14] Cohen "escaped criminal indictment himself despite being the living, breathing heart of S.A.C. Capital,"^[14] but Dr. Sidney Gilman, the star prosecution witness against Martoma, testified that FBI agents told him that Cohen was the investigation's ultimate target.^[21] He was featured in a January 2017 New Yorker article titled, "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".^[22]

So a bunch of people were charged with crimes with various outcomes.

Cohen was not charged with any crime.

But this report carefully uses the word “implicates.”  The charges against others “implicates” Cohen.  That is code talk for “let’s use words carefully to suggest he was also criminal even though he was not charged with anything.”

With zero crimes to charge him with, the SEC brought a civil suit against him claiming his association with those that committed crimes suggest he should be held partially liable for THEIR crimes.  That case was settled.

I have no idea if this guy is dirty or not.  But my point is everyone needs to read this shot carefully to separate facts from a writer’s intention conjecture.

 

Edited November 6, 2020 by Dtwncbad

[eligrba]

On 11/4/2020 at 10:24 PM, Dochalo said:

On November 20, 2012, Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma.^[17][18] The SEC brought charges against a number of other SAC employees from 2010 to 2013 with various outcomes. Martoma was convicted in 2014, in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.^[19] The SEC later brought a civil lawsuit against Cohen, alleging his failure to supervise Martoma and Michael Steinberg, who was a senior employee and confidant of Cohen's.^[20] Cohen settled his civil case with regulators in January 2016; the agreement with the SEC prohibited Cohen from managing outside money until 2018.^[20]

S.A.C. Capital Advisors "pleaded guilty to insider trading charges in 2013 and paid $1.8 billion in penalties" and was required to stop handling investments for outsiders.^[14] Cohen "escaped criminal indictment himself despite being the living, breathing heart of S.A.C. Capital,"^[14] but Dr. Sidney Gilman, the star prosecution witness against Martoma, testified that FBI agents told him that Cohen was the investigation's ultimate target.^[21] He was featured in a January 2017 New Yorker article titled, "When The Feds Went After The Hedge-Fund Legend Steven A. Cohen".^[22]

I don't understand how this is different than what a bunch of US senators did at the beginning of Covid?

 

[Lou]

Good read:

https://www.newyorker.com/magazine/2017/01/16/when-the-feds-went-after-the-hedge-fund-legend-steven-a-cohen

[IEAngelsfan]

4 hours ago, Lou said:

Good read:

https://www.newyorker.com/magazine/2017/01/16/when-the-feds-went-after-the-hedge-fund-legend-steven-a-cohen

That story looks like the inspiration to the series "Billions."

[RallyMo]

On 11/6/2020 at 2:59 PM, IEAngelsfan said:

That story looks like the inspiration to the series "Billions."

That's because...

[Angels 1961]

On 11/4/2020 at 5:19 PM, ukyah said:

maybe arte thinks cohen is a scum bag. somebody ask him how he feels about the wilpons.

Cohen voted for 

[ukyah]

20 minutes ago, Angels 1961 said:

Cohen voted for 

i feel like you meant to type "biden" here. 

[rafibomb]

Am I jealous of the Mets?

 

 

[Taylor]

5 minutes ago, rafibomb said:

Am I jealous of the Mets?

 

 

 

Let the professionals make the baseball decisions? What a concept!

[Docwaukee]

2 hours ago, Taylor said:

 

Let the professionals make the baseball decisions? What a concept!

maybe that's why Arte's voted against him.  

[Yes We Can]

4 hours ago, rafibomb said:

Am I jealous of the Mets?

 

 

I think Steve Cohen is going to be a great MLB owner.

 

We have Arte...

[arch stanton]

Well he certainly says pretty words. Actions TBD

[Inside Pitch]

14 hours ago, arch stanton said:

Well he certainly says pretty words. Actions TBD

Yeah, everyone is cool letting the qualified people run the show until you spend 240 million on someone else's HOFer.   I'm playing obviously but this is a pretty common answer among new owners.

[The Ghost of Bob Starr]

Watch this guy turn the lowly Mets, aka the east coast Angels, into a winner in 2-3 years.  TB Rays have been trolling Arte for years.  Arte is coming up on the 20-year mark of failure.  But he’s sold a lot of inexpensive, overpriced beer.