Bharara: SAC Became `Magnet for Market Cheaters'

Bharara: SAC Became `Magnet for Market Cheaters' Play

July 25 (Bloomberg) -- Manhattan U.S. Attorney Preet Bharara speaks at a news conference in New York about the indictment against SAC Capital Advisors LP, the $14 billion hedge fund founded by Steven A. Cohen. SAC was indicted by a U.S. grand jury for perpetrating an unprecedented insider trading scheme that was revealed as part of the government’s six-year crackdown on criminal malfeasance on Wall Street. (This is an excerpt. Source: Bloomberg)

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