{"id":52174,"date":"2020-08-23T06:34:00","date_gmt":"2020-08-23T03:34:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/steve-cohens-sec-history-could-doom-mets-bid\/"},"modified":"2020-08-23T06:34:00","modified_gmt":"2020-08-23T03:34:00","slug":"steve-cohens-sec-history-could-doom-mets-bid","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/steve-cohens-sec-history-could-doom-mets-bid\/","title":{"rendered":"#Steve Cohen\u2019s SEC history could doom Mets bid"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2e80728eb13\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2e80728eb13\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/steve-cohens-sec-history-could-doom-mets-bid\/#Wall_Streeters_igh_of_relief_on_ol_Dem_Joe\" >Wall Streeters\u2019 $igh of relief on ol\u2019 Dem Joe<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Steve Cohen\u2019s SEC history could doom Mets bid<\/strong>&#8221;<\/p>\n<div id=\"article-wrapper\" role=\"main\">\n<div>\n<div>\n<p>        August 22, 2020 <span>|<\/span> 11:34pm          <\/p>\n<div>\n                        Steve Cohen is known for many things: Billionaire, hedge-fund trader and owner of a $1 billion art collection that features sculptures and paintings by the likes of \u00adPicasso and Jeff Koons.<\/p>\n<p>He may soon be something even more illustrious: Owner of the Mets.<\/p>\n<p>He\u2019s up against the celebrity duo of J-Rod (Alex Rodriguez and Jennifer Lopez) and the private-equity guys who own the Philadelphia 76ers. But many Mets fans, myself included, wish Cohen, 64, could have started running the team yesterday.<\/p>\n<p>He\u2019s got deep pockets, earning more than $1 billion last year (according to Bloomberg, numbers his people don\u2019t dispute) on top of his fortune of around $15 billion. With his obvious love of the Amazins and willingness to spend, maybe \u201cwait \u2019til next year\u201d could actually be next year.<\/p>\n<p>But there\u2019s a whisper campaign to undermine Cohen\u2019s bid \u2014 because Cohen\u2019s name was high on the government\u2019s hit list in its crackdown on insider trading nearly a decade ago.<\/p>\n<p>I write this not as a Cohen hagiographer or hater, mind you. He and his people were less than h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>y with my coverage of his \u00adlegal contretemps in years past.<\/p>\n<p>That said, insider trading in my view is a largely victimless crime (no one forces the other side of the trade to buy the stock) and Cohen, for all the noise around his activities, was never criminally charged at all.<\/p>\n<p>His old firm SAC Capital paid $1.8 billion in fines and settlements, pleaded guilty to insider trading and was shut down while he faced a two-year suspension from managing outside money on civil charges of failing to supervise people who did.<\/p>\n<p>Meanwhile, of all the millions of trades done by his firm, insider trading alone could never have accounted for his amazing record returns for investors over the years, which is why he\u2019s back in business.<\/p>\n<p>Cohen isn\u2019t a lock to be the Mets\u2019 new owner. He faces competition from that aforementioned celebrity couple of former Yankee Alex Rodriguez and singer\/actress Jennifer Lopez.<\/p>\n<p>J-Rod, with the help of JPMorgan, has cobbled together a strange assortment of investors to form a bidding group that includes various other former sports stars as well as Mike Repole of the Vitaminwater franchise and Vincent Viola, who after a long and distinguished career on Wall Street now owns the NHL\u2019s Florida Panthers.<\/p>\n<p>Another serious bidder: Harris Blitzer Sports &#038; Entertainment, run by private-equity billionaires Josh Harris and David Blitzer. They have billions in the bank as well and they\u2019ve used it to buy the NBA\u2019s Philadelphia 76ers.<\/p>\n<figure id=\"attachment_16178240\"><img alt=\"Jennifer Lopez and Alex Rodriguez \" data- data- height=\"441\" width=\"662\"><\/img><figcaption><span>Jennifer Lopez and Alex Rodriguez<\/span><span>GC Images via Getty Images<\/span><\/figcaption><\/figure>\n<p>Personally, I\u2019d take a wealthy individual like Cohen, who grew up on Long Island, over the Philadelphia private-equity duo headquartered in Camden, NJ.<\/p>\n<p>As for J-Rod, if you\u2019re going to ding Cohen for the insider-trading investigation, what about Rodriguez\u2019s transgressions on the ballfield with steroids?<\/p>\n<p>We\u2019ll see who takes the team. But Cohen\u2019s history with the SEC shouldn\u2019t be what sinks his chances.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wall_Streeters_igh_of_relief_on_ol_Dem_Joe\"><\/span><strong>Wall Streeters\u2019 $igh of relief on ol\u2019 Dem Joe<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Joe Biden\u2019s speech Thursday at the Democratic National Convention will never be confused with the Gettysburg Address. But it was good enough for his Wall Street fundraisers and friends to begin their final push to raise money for an ad blitz against President Trump by assuring donors that the gaffe-prone former veep is up for the job.<\/p>\n<p>\u201cBiden\u2019s speech basically took away the notion that he\u2019s Sleepy Joe,\u201d one of his top Wall Street supporters told me.<\/p>\n<p>Another said the moderate tone of the speech \u2014 his line that \u201cI will work hard for those who didn\u2019t support me . . . while I will be a Democratic candidate, I will be an American president\u201d \u2014 was further proof he won\u2019t turn the party over to the crazies even if they spoke at the virtual convention \u2014 namely party radicals like Bernie Sanders and AOC.<\/p>\n<p>\u201cHe knows defunding the police is crazy,\u201d a Wall Street executive said. \u201cHe will definitely stand up to them.\u201d<\/p>\n<p>Fox Business\u2019 Lydia Moynihan reports fund\u00adraisers are expecting that their haul of Wall Street money will increase through the month. If Biden holds his own in the Sept. 29 first debate, expect even more cash, even from some Republican donors.<\/p>\n<p>It all sounds plausible. Except it\u2019s what Wall Street Dems said in 2016. And we know what happened next.\n            <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Sports <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>if you want to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">watch Movies<\/a> or Tv Shows go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/dizi.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dizi.BuradaBiliyorum.Com<\/a> <\/span> for forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2020\/08\/22\/steve-cohens-sec-history-could-doom-mets-bid\/\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Steve Cohen\u2019s SEC history could doom Mets bid&#8221; August 22, 2020 | 11:34pm Steve Cohen is known for many things: Billionaire, hedge-fund trader and owner of a $1 billion art collection that features sculptures and paintings by the likes of \u00adPicasso and Jeff Koons. He may soon be something even more illustrious: Owner of the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":52175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[57396],"class_list":["post-52174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-steve-cohens-sec-history-could-doom-mets-bid"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/52174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=52174"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/52174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/52175"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=52174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=52174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=52174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}