City Libraries, City of Gold Coast

Black edge, inside information, dirty money, and the quest to bring down the most wanted man on Wall Street, Sheelah Kolhatkar

eng

Includes bibliographical references and index

index present

non fiction

Black edge

Sheelah Kolhatkar

inside information, dirty money, and the quest to bring down the most wanted man on Wall Street

There is a powerful new class of billionaire financiers in the world, who use their phenomenal wealth to write their own rules and laws. Chief among them is Steven Cohen, a Wall Street legend, and the basis for Damian Lewis's character in Billions, who built his hedge fund into a $15 billion empire on the basis of wizard-like stock trading, and who flies to work by helicopter and owns one of the largest private art collections in the world. But his iconic status was shattered when his fund became the target of a sprawling FBI investigation into insider trading, charged with using illegal inside information or 'black edge' to beat the market. His firm, SAC Capital, was ultimately indicted and pled guilty to charges of securities and wire fraud, and paid record criminal and civil fines of nearly $2 billion. But even as the company bearing his name pled guilty, Cohen himself was never charged, and is free to start trading publicly again from January 2018