Stevie Calls His Shot, Hits It Out of the Park
SEC settles with SAC Capital for $600 million over insider trading related to Mathew Martoma case.
Apparently Stevie Cohen's deposition really was that bad. But luckily he was able to monetize any criminal charges.
I think this is a bigger fine than Goldman paid for Abacus. Of course SAC is not as systemically important as Goldman.
But that fine is less than Steve Cohen's reported personal compensation in 2005 and 2010 alone, according to the WSJ, which pegs it as a billion dollar paycheck each year for Steve. His normal compensation is in the mere many hundreds of millions.
Steven A. Cohen, aka The Wizard of Great Neck, or Guru of Gruntal, is worth approximately $8.8 Billion as of March 2012.
