Ten thousand dollars an hour worth of lawyers filed into a courtroom in lower Manhattan on the morning of Nov. 8. The legal team represented Steven Cohen’s hedge fund, SAC Capital Advisors, which had agreed to pay $1.2 billion to settle criminal charges that it had engaged in securities fraud.
The Money Issue: Why Only One Top Banker Went to Jail for the Financial Crisis (2008)
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| Kareem Serageldin: “I’m ready to pay my debt to society.”Painting by Alan Coulson, based on a photograph by Jin Lee/Bloomberg via Getty Images |
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