US Readies SAC Charges – Wall Street Journal

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US Readies SAC Charges – Wall Street Journalby wpjljron.US Readies SAC Charges – Wall Street JournalArticle Excerpt U.S. Readies SAC Charges BY JENNY STRASBURG AND MICHAEL ROTHFELD Federal prosecutors are preparing to announce criminal charges as early as this week against SAC Capital Advisors LP, the hedge-fund giant that has been the target of a multiyear investigation into alleged insider trading, according to people familiar with the matter. The planned […]

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U.S. Readies SAC Charges

Federal prosecutors are preparing to announce criminal charges as early as this week against SAC Capital Advisors LP, the hedge-fund giant that has been the target of a multiyear investigation into alleged insider trading, according to people familiar with the matter.

The planned charges against SAC would mark the culmination of a yearslong probe into suspected securities fraud at one of the biggest, most successful hedge-fund firms in the country.

The action is anticipated barring any last-minute pact with SAC or other reversal of government strategy, according to people familiar with the matter.

There are no signs of settlement talks …

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