Insider trading crackdown: Feds call out high-profile hedge fund for fraud

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Insider trading crackdown: Feds call out high-profile hedge fund for fraud

Insider trading crackdown: Feds call out high-profile hedge fund for fraud
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Insider trading crackdown: Feds call out high-profile hedge fund for fraud

by CBSTV Videos 2:19 mins

Federal prosecutors brought criminal fraud charges against SAC Capital, one of Wall Street's most successful hedge funds. Founded by billionaire Steven Cohen, the company is accused of using information not available to the public to make hundreds of millions of dollars in illegal profits. Vanity Fair contributing editor Bethany McLean discusses the case with the "CBS This Morning" co-hosts.

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