The Rise and Fall of SAC Capital: A Wall Street Insider Trading Scandal
SAC Capital Insider Trading: The Scandal that Shook Wall Street In the world of high-stakes finance, hedge funds are often viewed as powerhouses, constantly looking for an edge in the market. Among these giants, SAC Capital Advisors stood out for its aggressive strategies and ability to deliver massive returns. But behind its extraordinary success lay a darker secret – insider trading. This is the story of how one of the most famous hedge funds in history became entangled in a web of illegal trading, massive profits, and eventual downfall. It provides a deep dive into how greed and unethical practices can corrupt even the most sophisticated financial institutions. What is SAC Capital? Founded in 1992 by Steven A. Cohen , SAC Capital quickly became one of the biggest names on Wall Street. Cohen, a brilliant yet secretive figure, built a firm that managed over $14 billion in assets at its peak. SAC was renowned for its ability to consistently beat the market, often delivering jaw-dropp...