Cohen Throws Party Two Days After SAC Charges

Jul 30 2013 | 10:06am ET

His hedge fund was indicted for fraud on Thursday. On Friday, it pleaded not guilty.

On Saturday, SAC Capital Advisors' Steven Cohen threw a party.

In spite of the insider-trading charges that threaten his 21-year-old firm, Cohen moved ahead with the previously-planned affair, Reuters reports. The event was intended to show support for ovarian cancer research, although it was not a fundraiser.

A few dozen people attended the evening party at Cohen's home in East Hampton, N.Y., where they shared $2,000 worth of tuna delivered by a local fishmonger.

The same determination to keep SAC up-and-running was behind Cohen's decision to not cancel the party, according to Reuters sources.


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