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March 15, 2013
Steve Cohen Dodges A Bullet
Posted by David Zaring
In exchange for $614 million. The case against Cohen always looked pretty strong to me, and he's certainly not too big to jail, like, say, HSBC. But still, it's just an insider trading case, and I have found this indictment of the "after he heard from x, he phoned y" method of proof, which would be combined with, presumably, testimony from a former employee about a conversation had with Cohen, to be pretty convincing.
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