NEW YORK Steven A. Cohen faces an abrupt end to his career as one of the world's most successful traders after his SAC Capital Advisors became the largest Wall Street firm in years to agree to plead guilty to criminal charges of insider trading, and pay $1.2 billion in fines.
But Cohen, a multi-billionaire and renowned modern art collector, has not been personally charged with any crime and will likely continue managing some $9 billion of his own money through a lightly regulated family office once the hedge fund's plea deal is approved by the courts.