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.
- Behind strong bullpen, Royals edge Giants 3-2 to take a 2-1 World Series lead 9
- Paul Konerko, Jimmy Rollins named co-winners of the Roberto Clemente Award 1
- The greatest trick this Royals bullpen ever pulled … 3
- Adam Wainwright underwent elbow surgery to “trim” cartilage 11
- World Series, Game 3: Royals vs. Giants lineups 1
- Andrew Friedman got $35 million to leave the Rays for the Dodgers … and he might be underpaid 13
- Shocker! Joe Maddon to opt out of his contract and leave the Rays 141
- World Series Reset: On to AT&T Park 14
- Shocker! Joe Maddon to opt out of his contract and leave the Rays (141)
- Erroneous Narrative Alert: no, the Giants are not a “gritty,” anti-stats organization (122)
- Pedro Martinez has some opinions about who the new “face of baseball” is (112)
- PANTY RAID! Homeland Security agents confiscate unlicensed Kansas City Royals underwear (109)
- The World Series ratings are low. So what? (101)