SAC Could Face Racketeering Charges

May 21 2013 | 2:00pm ET

Prosecutors are mulling allegations that SAC Capital Advisors is a criminal enterprise under the Racketeer Influenced and Corrupt Organizations Act. Such a move could buy them time: They face a statute-of-limitations deadline to file securities fraud charges against SAC or founder Steven Cohen in July related to the most serious potential accusations against the firm, stemming from its 2008 trading in two pharmaceutical stocks.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…