Guess Cohen’s check to the DNC bounced.
That’s the first thing I thought of. Or maybe he donated to Romney in the last election?
Somebody in the DOJ didn’t get paid off.
That’ll teach him to donate to the Tea Party!
Steve Cohen is one of the few on Wall Street who steadily and generously supported Republicans.
He is Jewish, married to a Puerto Rican Catholic, and has 7 children (1 adopted).
He’s been a target of Dems in NYC/NY and SEC for years - they’ve been trying to drive him out of business, even forsaking more than $600M in settlement without admitting guilt. They are using phony “insider trading” charges to circle people around him, hoping that some will finger him, because they have no real case against him. They are also trying to scare away his Stamford-based hedge fund clients.
Now with Mary Jo White at SEC, she declined the settlement, and is trying to apply “administrative action” to beat the 5-year statute of limitation on filing charges, and NY AG and FBI are trying to come up with the criminal charges for which the statute of limitations is extended to 10 years.
This is simply a case of pure harassment of the well-to-do active Republican financial supporter, deliberately kept quiet compared with some small but well publicized cases.
They’ve also been hunting down and making an example of other “dissenters,” like Jamie Dimon of JP Morgan Chase who dared complain about Obama and his policies and had a gall to confess that he was “barely a Democrat.”
BTW, when he was sued by his first wife in 2009, charging him of hiding money from her during the divorce, her lawsuit was dismissed by the US Court in Manhattan due to lack of merit. Somehow, in April of 2013 NY Court of Appeals decided to reinstate her lawsuit.
See:
http://blogs.wsj.com/moneybeat/2013/07/25/in-sac-case-the-name-steve-a-cohen-is-conspicuous-by-its-absence/tab/print/ - In SAC Case, the Name Steve A. Cohen Is Conspicuous by Its Absence, by James Sterngold, 2013 July 25
http://online.wsj.com/article/SB10001424127887323829104578622743724953964.html - SAC to Employees: Cohen Didn’t Read Dell Email at Heart of SEC’s Case, by James Sterngold, 2013 July 23