Billionaire hedge-funder and charter supporter Cohen tops Forbes 2013 scandal list
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| Cohen tops Forbes Scandal List Net Worth: $9.4 billion Nationality: American Source of Wealth: SAC Capital Advisors (hedge fund) What happened: Cohen’s SAC Capital Advisors in November pleaded guilty to insider trading violations while agreeing to pay a $1.2 billion penalty and to stop managing money for outside investors. The U.S. attorney in Manhattan, Preet Bharara, described insider trading at SAC as “substantial, pervasive and on a scale without precedent in the history of hedge funds.” |
Back in July, I posted about scandal-ridden billionaire hedge-funder Stephen Cohen and revealed his ties to corporate reform and charter schools. I wrote then that Cohen and his wife Alexandria, turn out to be big players in the charter school world.
Through their tax-sheltered family foundation, they have given $35 million to "school choice" projects and more than $10 million over the last six years to Achievement First, Charter Network,as a way of pushing the development of charter schools across Connecticut. Cohen, who strikes me as anything but a Robin Hood, is also on the board of the Robin Hood Foundation, which helped spawn
