Can Steven Cohen dodge the feds?

Battling a mountain of allegations to the contrary, billionaire hedge fund boss Steven Cohen has always maintained his innocence.

The past week "has not been kind" to Steven Cohen, the ball-breaking, art-collecting founder of the $15bn hedge fund SAC Capital Advisors, says Fortune. Last Friday, yet another of his employees was hand-cuffed at dawn for alleged insider trading, bringing the total to eight.

The financier, Michael Steinberg, is no minnow: he's one of Cohen's closest and longest-serving lieutenants. After years of pursuing their billionaire big fish, the prosecutors' net appears to be closing ever more tightly around him, although SAC says that neither it nor Cohen have been accused of any wrongdoing.

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