Feds charge hedge fund SAC Capital in NY case
NEW YORK (AP) – One of Wall Street’s biggest and most successful hedge fund companies was a hotbed of insider trading and its embattled billionaire owner wanted to hear no evil, prosecutors said in an indictment unsealed Thursday that claimed the firm earned hundreds of millions of dollars illegally. The criminal indictment and civil lawsuits brought against SAC Capital Advisors and related compa…