Before The Mets, Steve Cohen Was The Hedge-Fund King (full documentary) | FRONTLINE

Summary by Krater

This video investigates the insider trading probe into SAC Capital Advisors and the government's use of wiretaps to catch hedge fund traders and executives.

From the video

Answers: How did the government investigate and catch insider traders at SAC Capital and other hedge funds?

• insider trading
• hedge funds
• SAC Capital Advisors
• expert networks
• federal wiretaps

What it concludes

• SAC Capital became a giant among hedge funds with exceptional long-term returns and a unique aggressive fee structure.
• Federal investigators used wiretaps for the first time in an insider trading investigation, targeting prominent hedge fund managers and expert network consultants.
• SAC Capital agreed to plead guilty as a corporation and pay $1.8 billion in penalties for insider trading.
• Expert networks acted as conduits for material non-public information between company insiders and hedge fund portfolio managers.