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You are here: Home / Archives for former sac capital manager

Ex-SAC Capital Manager Sentenced to 3½ Years in Prison for insider trading

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Michael Steinberg, a former fund manager with SAC Capital Advisors LP was sentenced to 3 1/2 years in prison for insider trading, crowning one of the biggest triumphs for prosecutors who invested seven years inspecting the firm and its boss, Steven A. Cohen. In April, the Stamford, Connecticut-based firm changed its name to Point72 Asset Management LP. He was found guilty in December of … [Read more...]

Filed Under: Business, National News Tagged With: former sac capital manager, insider trading, SAC Capital Advisors LP, sentenced to prison, steinberg

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