Saturday, 28 March 2015
Last updated 1 day ago
Dec 18 2013 | 11:08am ET
A jury is currently deciding the fate of SAC Capital Advisors portfolio manager Michael Steinberg, and his wife sought during the insider-trading trial to ensure they weren't prejudiced against her millionaire husband.
Before the trial began last month, Liz Steinberg sent an e-mail to friends and supporters, asking them to tone things down if they planned to be in court, the New York Post reports.
"Dress conservatively," she wrote on Nov. 15. "We request that women wear no jewelry or furs, and no designer scarves, handbags, etc." Liz Steinberg served as a model of how not to appear wealthy, with the Post calling her "noticeably dressed down" and "subdued in appearance" during the four-week trial in Manhattan federal court.
Steinberg is accused of illegally trading technology shares and faces decades in prison if he is convicted. To date, prosecutors have an unbroken track record during the recent crackdown on insider trading.
Liz Steinberg, her parents and Steinberg's parents were in court every day. Former Exis Capital chief operating officer Andy Heller and his brother, Sandy, an art adviser to SAC founder Steven Cohen, also attended.
The jury began deliberating yesterday.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…