Skip to content

Would-be Mets, Dodgers or Padres owner Steven Cohen implicated in insider trading scheme

Nov 21, 2012, 3:50 PM EDT

Hedge fund manager Cohen, founder and chairman of SAC Capital Advisors, responds to a question during an interview at the SALT Conference in Las Vegas

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.

Latest Posts
  1. Matt Holliday leaves game after re-injuring his right quad

    Jul 29, 2015, 9:31 PM EDT

    St Louis Cardinals v Pittsburgh Pirates AP

    It’s now even more imperative that St. Louis general manager John Mozeliak secures a first baseman before the July 31 trade deadline.

  2. Mets acquire center fielder Carlos Gomez from Brewers

    Jul 29, 2015, 9:01 PM EDT

    Carlos Gomez AP

    As first confirmed by Joel Sherman of the New York Post, the Mets have acquired star center fielder Carlos Gomez from the Brewers.

  3. Video: Troy Tulowitzki goes way yard in Blue Jays debut

    Jul 29, 2015, 8:58 PM EDT

    Troy Tulowitzki Troy Tulowitzki

    Troy Tulowitzki struck out swinging in his first Blue Jays at-bat Wednesday night against the Phillies, but he unloaded on this Jerome Williams pitch in his second trip to the plate …

  4. Report: Mets “pushing very hard” for Carlos Gomez

    Jul 29, 2015, 8:12 PM EDT

    Carlos Gomez, Molly Melowski AP

    There’s been a lot of speculation that these two could be a fit, and now it may be close to happening …

  5. Video: Andrew McCutchen hit a Little League home run

    Jul 29, 2015, 7:44 PM EDT

    Andrew McCutchen AP

    Andrew McCutchen launched a traditional two-run homer in the top of the fifth inning Wednesday in the Pirates’ 10-4 rout of the Twins and then went Little League style in the top of the sixth …

  6. Mike Trout out again Wednesday due to left wrist injury

    Jul 29, 2015, 7:01 PM EDT

    Mike Trout AP

    An MRI taken Tuesday ruled out anything serious, but Trout does have a bit of wrist inflammation.

  7. Rangers “close to getting” Phillies ace Cole Hamels

    Jul 29, 2015, 6:17 PM EDT

    Cole Hamels AP

    The very latest on the Cole Hamels trade front …

  8. The Tigers are going to “reboot;” plan to trade Price and Cespedes

    Jul 29, 2015, 3:44 PM EDT

    tigers logo Getty Images

    They’re in fourth place and their best player isn’t coming back for a month. Makes all sorts of sense.

  9. Three Yankees minor league pitchers suspended for steroids

    Jul 29, 2015, 3:30 PM EDT

    syringe

    Some real old school mentality being demonstrated there.

  10. Justin Verlander has his best start in two years

    Jul 29, 2015, 2:54 PM EDT

    Justin Verlander

    It was Verlander’s second straight eight inning, one-run performance.

  11. Chris Capuano designated for assignment by the Yankees

    Jul 29, 2015, 2:15 PM EDT

    Chris Capuano Yankees Getty Images

    Capuano failed to make it out of the first inning in Tuesday’s start.

  12. The Dodgers, Yankees and Blue Jays are poised for a “bidding war” over David Price

    Jul 29, 2015, 12:19 PM EDT

    David Price AP

    At least to the extent you can have a bidding “war” over a two-month rental.

  13. Curt Casali is having one heck of a week

    Jul 29, 2015, 10:30 AM EDT

    Curt Casali Getty Images

    Two homers, two games in a row and five in his last four games.

Top 10 MLB Player Searches
  1. A. Rodriguez (4532)
  2. C. Hamels (4340)
  3. J. Cueto (3981)
  4. M. Trout (3884)
  5. T. Tulowitzki (3644)
  1. D. Price (3604)
  2. C. Gonzalez (3385)
  3. J. Reyes (3340)
  4. S. Kazmir (3193)
  5. M. Conforto (3125)