Friday, March 29, 2013

Breaking: SAC Capital Manager Arrested This Morning for Insider Trading

SAC Capital Advisors LP manager Michael Steinberg was arrested early this morning for the non-crime of insider trading.

SAC put Steinberg on paid leave last fall, declining to specify the reasons for the move.

The arrest of Steinberg is a typical government strategy. Their real target is SAC founder Steve Cohen. The arrest is a move to squeeze Steinberg to give up dirt on Cohen. Stalin would be proud.

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