Wednesday, 1 March 2017
Last updated 17 hours ago
Nov 15 2013 | 11:46am ET
His many expensive troubles notwithstanding, SAC Capital Advisors founder Steven Cohen still has at least one friend in a high place.
Cohen was the personal guest of New Jersey Gov. Chris Christie at the latter's reelection victory party last week, Fox Business Network reports. In addition to attending the celebration, Cohen was among a handful of Christie backers to dine with the Republican governor last Tuesday.
Just a day earlier, Cohen's firm agreed to plead guilty to insider-trading charges and pay $1.2 billion. Cohen is still the target of both a Securities and Exchange Commission lawsuit that seeks to ban him from trading, and of federal criminal investigations that could send him to prison.
"Mr. Cohen was in attendance on Election Night along with nearly 2,400 other attendees," a Christie spokesman told Fox.
Christie was easily returned to office, taking more than 60% of the vote in New Jersey, usually a reliable Democratic Party bastion. The huge victory has Christie tipped as a front-runner for the G.O.P. presidential nomination in 2016.
According to Fox, Christie and Cohen, who lives in Greenwich, Conn., are friends. Cohen last year sought to draft Christie to run against President Barack Obama, with Christie demurring. Christie reportedly pushed a reluctant Cohen in attending the party because he had heard that the hedge fund manager was depressed.
The governor "told Steve to get off his couch," a source told Fox.