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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...

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