SAC Capital, one of the largest and most profitable hedge funds in the country, has been indicted by the federal government for wires and securities fraud and for permitting a “systemic insider trading scheme.” The company denies the charges. Attorney Tom Ajamie talks to NBR about the case and whether these charges mean the government is getting serious about clamping down on Wall Street.
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“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.Top Stories from CNBC
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