Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
What's next for Steve Cohen and SAC?
Will the Feds raid the place and put him in jail? Will he share a cell with Bernie Madoff? Will the Feds seize his shark in a formaldehyde tank?
1 Answer
- 8 years agoFavorite Answer
Steven Cohen himself wasn't personally charged. At most they can do is find out how much alleged "dirty money" he made and separate it from the "clean money" then when they find that alleged "dirty money" they can take anything they want that he used with his alleged "dirty money". There can be a substitution effect as well. Steve Cohen has a LOT of assets in different places and they may be very difficult to track them all so the substitution effect kicks in here. They can take everything else instead of what they can't find in substitution but it can't be worth a penny over the "dirty money" that he allegedly received/made.
However, there are no personal criminal charges against Steve Cohen. Plus SAC capital just pleaded not guilty. But maybe there will be a civil trial against Steve Cohen in the future, who knows?