Top 5 Billionaire Scandals in 2013

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No. 1: Steven A. Cohen and SAC Capital Advisors

Steven Cohen

Probably the most talked about scandal of 2013 was that involving Steven A. Cohen and his hedge fund, SAC Capital Advisors. When hedge fund managers had to step forward and plead guilty to a series of trading violations, SAC was forced to terminate all agreements with investors. In addition, the fines amounted to a reported $1.2 billion, according to Forbes Magazine. Steven Cohen, went from being the head of arguably the biggest hedge fund in the US to working in a family office.

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