Ex-SAC Trader Suggests Cohen Traded On Illegal Tips

Oct 2 2012 | 2:22pm ET

A former SAC Capital Advisors trader told the Federal Bureau of Investigation that he and others at the hedge fund were expected to pass insider information to founder Steven Cohen for his own use.

Noah Freeman told FBI Agent B.J. Kang, one of the bureau's pointmen in the federal crackdown on insider-trading, that people at SAC "understood that providing Cohen with your best trading ideas involved providing Cohen with inside information."


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