DOJ: SAC $1.8bn confession shows no institution 'too big to jail'
This article was originally published in Scrip
Executive Summary
In reeling in the agreement for a guilty plea for insider trading from Stamford, Connecticut-based SAC Capital Advisors – one of the world's largest hedge funds, which up until recently, managed portfolios of over $15bn – Manhattan US Attorney Preet Bharara put Wall Street on notice: "No institution should rest easy in the belief that it is too big to jail."