Federal prosecutors are preparing to announce criminal charges, as early as this week against Steven A. Cohen's hedge fund SAC Capital Advisors LP, which is suspected of insider trading is detected, Wall Street Journal, citing people familiar with the matter said.
Prohibit any last minute SAC or other contract with the government strategy is expected to reverse the action of the words, "Wall Street Journal" quoted people.
However, the Prosecutor does not intend to raise allegations Cohen personally, people told reporters. (Link.reuters.com/bed89t)
Cohen has been playing non-criminal proceedings brought by the Securities and Exchange Commission earlier this month, accusing him of ignoring potentially illegal acts "red flag." U.S. Securities and Exchange Commission contends caused Dell insider information, in 2008, two of the SAC portfolio manager.
Reuters earlier reported that Cohen's legal team said the hedge fund giant no time noticed that some of his employees may have used insider information to trade shares of computer companies.
SASAC spokesman had no immediate comment on the report magazine contacted by Reuters. FBI spokesman declined to comment.
 



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