11-21-2012, 01:48 PM
'admin' pid='13059' datel Wrote:This isn't at all surprising, although the surprising thing is authorities actually doing something about it. If it ends with these people paying a fine, even if it's hundreds of millions of dollars, it means litle to nothing to them. Going to jail is rather different though. Considering the incredibly amount and complexity of information (and knowledge required to interpret it) that is behind a single company's stock price, opportunities for manipulation are rife.
SAC and Steve Cohen are criminals......I've tracked him for a good while. And the govt, has been after him for a while. The street knowlegables know all about Steve's antics. He tried to corral controlling interest in Ameritrade and E-Trade, but the real reason was to have huge borrowing power for his shorting.. CR Intrengics and the Diamond are but just two of his accomplices. I'm surprised someone hasn't really come after him physically. but google the guy and SAc Capital and see for yourself. Our action in IOC is quite similar to the way they do business....fwiw, imo