The Southern District of New York, led by U.S. attorney Preet Bharara, just wrapped up its press conference announcing charges against SAC Capital.
There weren’t too many new revelations in Bharara’s remarks which wasn’t already included in the indictment.
Of course, reporters tried asking about the implications of the charges against SAC CEO Stevie Cohen, and why another portfolio manager ended up being charged instead.
Bharara didn’t budge on that one either.
Instead, here’s how he responded, via CNBC’s Eamon Javers:
Preet: “People like to talk about fish + the size of fish. We don’t think about it that way. Sometimes a small fish is very delicious.”
— Eamon Javers (@EamonJavers) July 25, 2013
Does this mean, as experts told WSJ’s David Benoit, that Cohen is the one that got away?
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