The hedge-fund analysts vacationed together in the Hamptons, gambled in Las Vegas and adopted a creed that parodied the rules in the Brad Pitt film Fight Club

The hedge-fund analysts vacationed together in the Hamptons, gambled in Las Vegas and adopted a creed that parodied the rules in the Brad Pitt film Fight Club. Instead of trading punches, they traded illegal tips that allowed their portfolio managers to reap tens of millions of dollars in profit. Having pleaded guilty to insider trading, four of the men are now set to be witnesses against SAC Capital Advisors LP fund manager Michael Steinberg. The group funneled secret tips about technology companies to their bosses, allowing Steinberg, 41, to earn more than $1.4 million from 2007 to 2009, according to prosecutors. Steinberg, who went on trial last week, has pleaded not guilty. He faces 20 years in prison if convicted. Read all the grimy details here: (VIEW LINK)


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