Nov 21, 2012, 3:50 PM EDT
Remember Steven Cohen? He’s the billionaire hedge fund guy who (a) bought a minority interest in the Mets; then (b) tried to buy the Dodgers; and (c) turned south to San Diego and the Padres when that didn’t work?
Unlucky for him that he couldn’t become a baseball owner no matter how hard he tried. Not so unlucky for Major League Baseball:
U.S. officials for the first time Tuesday implicated Steven A. Cohen, the founder of SAC Capital Advisors LP, in an alleged insider-trading scheme they said was the most lucrative ever to be charged.
Traders in his firm had been tied up with this for a while, but he had been said not to have had any part in it. Cohen is not a defendant in the case, but he’s now mentioned in the criminal complaint as “Investor A” and will likely be a big part of the criminal prosecution coming out of this mess.
Can you imagine if he had got the Dodgers and couldn’t make it to some owners meeting because of a criminal subpoena? Yeah, that woulda been awesome.
- Breaking down the Braves-Dodgers trade 6
- And That Happened: Tuesday’s scores and highlights 21
- So that Juan Uribe trade to the Braves is back on … 11
- Ruben Amaro apologizes for comments about fans, admits he may have been late on rebuild 23
- Jonathan Lucroy expected to rejoin the Brewers on Monday 0
- More drama in Miami: Marlins demote third base coach Brett Butler after “confusion” over signs 35
- Ruben Amaro dismisses fans who “bitch and complain” about the Phillies’ moves 70
- And That Happened: Monday’s scores and highlights 68
- And That Happened: Wednesday’s scores and highlights (133)
- Bryce Harper on Marvin Hudson ejection: “I don’t think 40,000 people came to watch him ump” (132)
- Bryce Harper ejected for second time in a week (122)
- And That Happened: Tuesday’s scores and highlights (101)
- And That Happened: Thursday’s scores and highlights (96)