Report: Feds look at Mets minority owner

November, 20, 2012
11/20/12
4:56
PM ET
Author Kevin Roose in New York Magazine reports federal authorities are looking into Steven Cohen, who bought a stake in the Mets earlier this year and was a finalist to purchase the Dodgers. Writes Roose:

He is being accused, for the first time, of direct involvement in an illicit trading scheme — a scheme allegedly run by former SAC Capital trader Mathew Martoma that netted $276 million for the firm, which the SEC is calling “the most lucrative insider trading scheme ever."

Notice I said "accused," not "charged." Nothing in either the criminal or the civil complaint against Martoma directly charges Cohen with illegal acts. (In fact, the complaint doesn't even name Cohen, calling him "Portfolio Manager A.") But based on what's in them, it wouldn't be surprising if some of these incidents make it into an eventual set of charges against Cohen.


Read the full article here.
Adam Rubin has covered the Mets since 2003. He's a graduate of Mepham High School on Long Island and the Wharton School of the University of Pennsylvania. He joined ESPNNewYork after spending 10 years at the New York Daily News.
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BA LEADER
Daniel Murphy
BA HR RBI R
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OTHER LEADERS
HRL. Duda 28
RBIL. Duda 86
RD. Murphy 76
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WB. Colon 14
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SOZ. Wheeler 180