SAC Capital, the $15bn hedge fund run by Steve Cohen, will plead guilty to securities fraud and pay more than $1bn in fines in one of the biggest criminal cases against a hedge fund, a person familiar with the matter said.
The plea and fine are expected to be announced as soon as today, this person said.
The case marks one of the most dramatic falls of a Wall Street titan and hands the government another conviction in a multiyear insider trading investigation that has shaken the hedge fund industry and questioned the viability of expert network firms.
您已閱讀24%（555字），剩餘76%（1752字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。