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Browse: Home / 2013 / May / 23 / Sides staring each other down as deadline nears in SAC insider-trading case – The Washington Post

Sides staring each other down as deadline nears in SAC insider-trading case – The Washington Post

By Securities Docket on May 23, 2013, 6:25 am

The outcome involves high stakes for both Cohen and the government, experts tracking the case said. Prosecutors have been working their way up the hierarchy at the hedge fund for years, they said, and this case gives them their best shot at Cohen — if they can act before the five-year statute of limitations lapses July 21.

“If July comes and goes and they don’t bring an indictment against Cohen, the U.S. attorney’s office is going to look pretty bad,” said Bradley Simon, a former federal prosecutor in New York and Washington. “If they go after the lower level people in the company and allow (Cohen) to go uncharged, it will send a message that they’re either not up to the task or they’re afraid to go after him.”

via Sides staring each other down as deadline nears in SAC insider-trading case – The Washington Post

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Posted in Criminal, Top | Tagged Insider Trading, SAC, Statute of Limitations

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