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| Tuesday, Dec 31, 2013 02:59 PM PST | |
| Today's Crime and Trials News Headlines - Yahoo! News: | |
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| Missing Ga. bank director arrested in Brunswick Tuesday, Dec 31, 2013 02:59 PM PST A bank director accused of losing millions of investors' dollars before vanishing last year was arrested Tuesday during a traffic stop in a city in south Georgia. Aubrey Lee Price, 47, was arrested Wednesday ... Full Story | Top |
| Plea deal in Ohio fraud case linked to Miami Heat Tuesday, Dec 31, 2013 11:48 AM PST A former Ohio man accused of operating multimillion-dollar frauds that include allegations he cheated Miami Heat basketball players of millions of dollars indicated Tuesday that he'll plead guilty to wire ... Full Story | Top |
| Cohen's SAC ends life as hedge fund with double-digit returns Tuesday, Dec 31, 2013 11:08 AM PST  By Svea Herbst-Bayliss BOSTON (Reuters) - Billionaire investor Steven A. Cohen's SAC Capital Advisors is ending its life as a hedge fund with a 20.10 percent gain this year, marking one of the industry's best returns even after SAC pleaded guilty to insider trading charges, a source familiar with the numbers said. Cohen reported the number to outside investors on Monday as he prepares to stop managing money for wealthy clients after his firm last month agreed to plead guilty to insider trading and pay a $1.2 billion penalty. The number, although not final for the year because it does not include returns made on the last two days of the year, puts SAC among the $2.5 trillion hedge fund industry's best performers for 2013. The returns, possibly the last that outside investors with Cohen will see, are sure to mark a high point in an otherwise tough year for SAC. Full Story | Top |
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