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

rafibomb

By rafibomb,
in LA Angels | MLB Daily

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Dochalo

Dochalo 25,992

Posted
Posted
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]

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Jay

Jay 4,356

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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.

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ukyah

ukyah 3,347

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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.

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Dtwncbad

Dtwncbad 3,647

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Posted (edited)
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 by Dtwncbad
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eligrba

eligrba 5,293

Posted
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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?

 

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