Thursday, July 25, 2013

Fires/ Sex Trafficking/ Western Tradition Partnership/ Criminal Charges- SAC Capital



“In a letter to key members of Congress, the Attorneys General advocated that Congress amend the Communications Decency Act to provide criminal jurisdiction to state and local prosecutors. According to Attorney General Fox, the Communications Decency Act of 1996 was drafted when the internet was in its infancy. The original purpose of the Act was to protect children from accessing indecent material online, but courts have interpreted certain provisions of the Act to provide immunity from State prosecution to online classified ad sites, such as Backpage.com, that promote and profit from human trafficking.”


“SAC Capital and its management fostered a culture of permissiveness. To be blunt, SAC—through the actions and inactions of its management—not only tolerated cheating, it encouraged it.
Management at SAC Capital, including the firm’s owner, actively recruited portfolio managers and research analysts with access to inside information.”

No comments:

Post a Comment