Up & Down the Street
Last Thursday, when the government charged SAC Capital with perpetrating an insider-trading scheme from 1999 through 2010, the move answered a lot of questions people had been asking of late. The main one: given the fact that the Feds had yet to charge SAC’s founder, Steven Cohen, with any crimes, was he going to get off scot-free while an ever-growing number of his henchmen were charged with—and convicted for—crimes committed under his watch? Was it the same old story, in which another of Wall Street’s powerful avoids punishment for something he quite likely encouraged and most definitely profited from? The refreshing answer: not this time. The U.S. attorney for the Southern District, Preet Bharara, plays hardball, and he just threw a fastball right at Mr. Cohen’s chin.
Up & Down the Street
If you’re a fan of magic, one of the most enjoyable evenings available in New York City is a wonderful little show put on by one Steve Cohen out of a suite at the Waldorf Astoria several evenings a week. Mr. Cohen, known as “the millionaires’ magician,” thrills with sleight of hand and a witty banter that evokes the old-school parlor magicians of yore. But the highlight of his show is a segment in which he tells members of the audience things about themselves that he really shouldn’t know. Go see for yourself; it’s mind-boggling. Mr. Cohen has made quite a career out of his talent—he even had a special on the History Channel last week—but he may be in the wrong line of work.
See, there’s another man named Steve Cohen who has also made quite a career out of seemingly knowing things he shouldn’t know. Call him “the billionnaire magician.”
Stone Phillips has given up his golden key. The former NBC correspondent and his wife, Debra, have sold their home at 45 Gramercy Park North, officially relinquishing his key to the private and hyper-exclusive Gramercy Park.
Mr. Phillips purchased the home just last year, which had come on the market for the first time since Read More
Good details from Paul Schindler:
What Socarides and others described was nothing less than a full-tilt effort, led by a popular new governor, to win marriage equality before the Legislature adjourns in June. At a LGBT Community Center forum on March 10, which included Socarides and three other participants in the Albany meeting, Read More
Steven Cohen’s SAC Capital Advisors, a $12 billion hedge-fund whose name has been bandied about quite frequently since three hedge funds received a visit from raiding FBI agents Monday, has told its investors that it’s received a government subpoena. MarketWatch reports, citing a letter from SAC to investors:
SAC said in the Read More
Several weeks ago The Times reported that the former Dateline NBC co-anchor Stone Phillips and wife, Debra, nabbed a rarely available Gramercy Park North penthouse–the two-bedroom was last on the market in the 1960s. Due to a bidding war, the sale went over the $4.75 million asking price and finally sold at Read More
Even though June isn’t often a month for astonishing financial news, it’s quietly become a goldmine of stupendous information about some of Wall Street’s brightest minds. There was Vanity Fair‘s exclusive interview with Steven A. Cohen, who turns out to be in constant pain, followed by New York‘s detailed look at Bernard L. Read More
The Steve Cohen saga keeps getting stranger.
A week after his ex-wife, Patricia Cohen, filed a bizarre racketeering suit accusing him of insider trading, the Post unearthed a video of the reclusive hedge fund manager on a short-lived talk show, explaining how and why he kept sleeping with Ms. Cohen Read More
It sure sounds like it.
Reuters says B.J. Kang–he’s the F.B.I. agent in charge of the bureau’s securities task force who escorted Galleon head Raj Rajaratnam on his October perp walk–took a hard look at Steve A. Cohen’s hedge fund, SAC Capital Advisers, two years ago. No charges were filed then, but the Read More
Vanity Fair has come out with its list of 100 most powerful influentials, most of which—since they’ve already been covered by various lists in Time (the Time 100), Forbes (celebs and richest Americans) and elsewhere—come as no surprise.
Media mogul Rupert Murdoch, Apple CEO Steve Jobs, Read More