NEW YORK (Reuters) - U.S. prosecutors are planning to announce criminal charges on Thursday against Steven A. Cohen’s hedge fund SAC Capital Advisors, a source familiar with the matter said on Wednesday.
The charges will be wire fraud and securities fraud, according to the source.
A spokesman for the Federal Bureau of Investigation declined to comment. A spokeswoman for U.S. Attorney Preet Bharara declined to comment. A spokesman for SAC Capital declined to comment.
Reporting By Matthew Goldstein