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                  US Hedge Fund Pleads Guilty in Criminal Case

   One of Wall Street`s most successful hedge funds, SAC Capital Advisors,
   has pleaded guilty to fraud charges.
   The plea is part of a $1.8 billion deal to resolve allegations that the
   investment firm encouraged rampant insider trading for many years.
   A lawyer for the company entered guilty pleas in a Manhattan court
   Friday to four counts of securities fraud and one count of wire fraud.
   The judge did not immediately accept the plea, saying she must review
   the terms of the deal.
   At least one objection to the deal was read in court, which noted that
   no one will go to jail under the agreement.
   Federal prosecutors say SAC employees used information not available to
   the general public to illegally make major trades. Using such
   non-public information gave SAC an unfair advantage over rival
   investors.
   Prosecutors say they think the $1.8 billion penalty is the largest ever
   charged for insider trading offenses.
   A hedge fund typically invests large amounts of money in high-risk
   investments to generate large returns. They generally are lightly
   regulated.
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   [1]http://www.voanews.com/content/us-hedge-fund-pleads-guilty-in-crimin
   al-case/1786869.html

References

   1. http://www.voanews.com/content/us-hedge-fund-pleads-guilty-in-criminal-case/1786869.html