一笔内幕消息，大赚三亿美元被f b i 追查，十年幕后老板却能全身而退，这是怎么做到的？大家好，今天我们来讲讲。
美国最著名的一笔内幕交易案，美国股市有位常胜将军，他管理的对冲基金收益率连续二十年超百分之三十。这人不是巴菲特，他叫史蒂夫科恩。
号称这个星球最好的交易员。一九八七年十月十九号，道琼斯指数毫无征兆的暴跌百分之二十二点六，手眉骨牵连。
伦敦、法兰克福、东京等地的股市都跌了百分之十以上，这次股灾比去年的美股熔断惨烈，纽交所一度准备闭市。
而港交所直接停市四天，十月二十日，也就是股灾的第二天。在所有人心有余悸的时候，史蒂夫科恩直接向股市扔了五千万美元。
压住美股反弹当天上午，美股指出颓势，并在随后的两天里快速回升，道琼斯指数涨了三百点。科恩一战成名。
不过相比他之后的业绩，这笔投资只能算是开胃菜。成名后的科恩成立了自己的对冲基金，赛克资本一九九八年与一九九九年。
赛克资本的收益率连续两年接近百分之七十。二零零零年，由于成功预判科技股泡沫破灭，提前做空美股。在索罗斯等一众大佬大亏特亏的时候。
赛克资本逆势赚了百分之七十三，如果一个基金每年都能赚百分之三十以上，那这个基金就是一台印钞机，只用了十年时间。
塞克资本就从一个两千五百万规模的小基金发展成了美国最顶尖的对冲基金。我们都知道，即便巴菲特炒股也是有赚有赔。
赛克资本凭什么在美国股市战无不胜呢？科恩在国内有个外号叫美版徐翔，他和徐翔有两个共同点。第一，他俩管理的基金。
都长久保持着逆天的收益。第二，因为卷入内幕交易，徐老板进去了，而科恩则被f b i 整整追查了十年。在后来赛克资本的起诉书中，有这么一段话。
一九九九至二零一零年间，赛克资本鼓励员工进行大量的无处不在的内幕交易，从而获得巨额非法利润。虽然科恩自称盘感无敌。
炒股全靠天赋，但事实上他百战百胜的秘诀是内幕交易。为了鼓励甚至逼迫员工出去打听内幕消息，科恩可以说是胡萝卜和大棒。
全用上了对业绩好的员工，赛克资本能开出全行业最高的分红。二零零七年，一位名叫江平的华人基金经理，通过做多墨西哥股票。
为公司赚了十亿美元，科恩很大方的给江平写了一张一亿美元的支票。这个记录至今仍是中国金融从业人员在华尔街拿到的最大额分红。
而对业绩不好的员工，科恩丝毫不留情面。如果基金回撤超过百分之十，那基金经理分分钟下岗。在赛克资本内部流传着一个笑话。
老板给业绩第一的交易员准备了一辆法拉利，给第二准备了一张代餐券。如果你排名第三，那不好意思，你被解雇了。为了让员工时刻保持清醒。
赛克资本办公场地的室温常年保持二十一度，而为了防止员工承受不住压力，心态炸裂，科恩还雇佣了一位给奥运选手做心理疏导的精神病专家。
专门解决员工的心理问题。二零零七年，一位名叫马托马的印度人入职赛克资本震惊全美的内幕交易档案拉开了大幕。
当时，美国的医药公司依然正在研发一种治疗老年痴呆的新药，如果这款新药研制成功，那将是二十一世纪最大的医学奇迹。伊兰这种医药公司股。
加波动剧烈，因为新药发布要通过三个阶段的临床试验，这意味着每过一次试验，伊朗股价就会大涨一次，而如果试验失败。
一来就会一文不值。马托马认识密歇根大学老年痴呆症专家吉教授，而吉教授本人正是这款新药的临床试验安全委员会主席。
换句话说，马托马能通过吉教授提前知道新药的试验结果。二零零八年六月十七号，新药的二期试验结果公布。在此之前。
马托马就已经知道试验通过了，他把消息透露给老板科恩赛克资本大笔买入了七亿美元医药股，这是伊兰的股价走势。在这个阶段。
赛克资本开始重仓一览，而这个位置就是试验结果公布的日子，股价暴涨了百分之四十。马托马立功了。不过这只是开始。
对一款新药来说，最重要的还是三期试验。三期结果将在四十五天后公布。根据美国证监会公开的持仓信息，此时的赛克资本。
已经买成了伊兰的第一大股东。华尔街普遍认为，只要科恩不是脑子坏了，那他如此重仓，一定是知道了三期试验结果正面，科恩也的确信心满满。
只是他想不到，马托马的乐观估计并不靠谱。二零零八年七月十七日，在三期结果公布的两周前，吉教授将长达二十四页的实验资料。
发给了马托马新药品的试验结果并不好。吉教授和马托马在电话里足足沟通了两个小时。马托马蒙了在自己的努力劝说下。
老板竟成了伊兰最大的接盘下数亿美元的损失是印度人承受不了的。他不敢把这个消息告诉科恩，实验结果在马托马手里捂了三天。
他很煎熬，但他也没得选择。七月二十号星期天，马托马一大早就给科恩发了短信，说需要电话沟通。科恩一向谨慎。
平时只肯在汗蒸房和人分享信息，但这一次他竟用家里的电话和马托马聊了二十分钟，直到实验失败。科恩也炸了。作为伊兰的最大股东。
此时的赛克资本已是骑虎难下，因为所有投资人都在盯着赛克资本的持仓。所以如果科恩现在迈出伊兰，那不用等三期结果公布。
伊朗股价马上就崩，但如果不清仓，九天之后，这七亿美元的投资也会血本无归。九天时间过得很快，在此期间。
市场没一点赛克资本清仓的消息，股市风平浪静，科恩仿佛选择了坐以待毙。七月二十九号，伊兰在芝加哥凯悦酒店。
举行了三期结果的现场发布会。当p p t 的最后一页投上屏幕时，所有人傻眼了。新药因副作用过大宣告失败，伊朗股价瞬间跳水。
投资人哭了，但是想想赛克资本亏得更惨，心情还是多少好了一点。发布会的第二天，赛克资本的员工们早早来到公司。
他们都在等待老板现身，所有人都清楚，遭受如此巨额亏损，公司很可能会被清算。客人像往常一样八点半准时出现在办公室。
安静的吃着早餐，就像什么都没发生，没人能想到科恩早就神不知鬼不觉的清仓了。依赖这一次，在无数人的眼皮的底下。
不能把整个华尔街都删了。
美国股市有一种交易形式叫按时交易，也就是交易时间以外由机构投资者参加的大宗股票交易。这种交易既不会展示买卖盘价。
及报价人士的身份也不会向公众披露已执行交易的详情。虽然所有人都盯着塞克资本，但隐秘的暗池交易还是让科恩完成了出货。
更觉得是他还反手做空了四百五十万股。在这场豪赌中，赛克资本完美抽身，大赚二点七亿美元。总的来说，印度人内幕消息很准。
算是立了大功。那一年科恩给马托马九百三十万美元的奖金，拿到奖金的印度人火速离职，举家迁往佛罗里达，并在那里买了一栋豪宅。
对科恩来说，伊兰这事儿只是诸多内幕交易里的一笔，他并没当回事。但很不幸，这笔内幕交易碰上了次贷危机。二零零八年美国股价楼价暴跌。
大多数美国家庭财富缩水百分之五十以上，老百姓满肚子怨气，觉得钱都被华尔街骗走了。他们想杀个华尔街大佬祭天。二零零八年。
一位名叫巴哈拉的印度人升任纽约南区检察官，专门负责监管华尔街的金融交易。巴哈拉政治野心很大，他一直想干票大的还要往上走走。
一来一案疑点很多，而且赛克资本吃相难看，名分很大。巴哈拉决定用这一笔交易做突破口，搬到科恩为了查出泄露临床试验结果的内鬼。
f b i 把新药研发人员的通话记录翻了个底朝天，并很快救出了吉教授。在铁证面前，吉教授承认向赛克资本提供了多达五十九次的内幕消息。
而且还拿了马托马十点八万美元的好处费。印度人也是可以自己拿了九百三十万的分红给吉教授的，连零头都不到。二零一一年十一月。
f b i 敲开了马托马的豪宅大门，他们开门见山的说道，我们掌握了疑难疑案的所有细节。你要么坐牢，要么协助我们指控科恩。
得知东窗事发的马托马当场晕倒在了家门口。见马托马如此脆弱，巴哈拉内心狂喜。他认定，只要稍加审讯，这软柿子就会突口。
巴哈拉的判断没错，只不过他低估了科恩的能量。在被传讯的当天，马托马接到一个神秘电话，电话那头一个沙哑的声音缓缓说道。
我们知道你被调查了，但别担心我们会给你请最好的律师，千万别开口，我们会照顾好你的家人。
马托马的老婆是位物理学家，他们共同养育着三个孩子，虽然胆子小，但马托马不蠢。他明白客人的意思。接到电话的马托马一下就变得强硬起来。
什么也不肯透露，杰教授已经转做污点证人，马托马的罪责板上钉钉，咬出科恩是马托马唯一的典型机会。在审讯室里。
马哈拉撤掉了所有安保人员，两个印度人进行了一番畅谈。没人知道他们谈了什么，但马通马死咬着不松口，一个人把锅全背了马。
卡通马不过是华尔街的一个小虾米，辛苦调查了三年，如果只抓到一个虾米，那巴哈拉就算白马，这是一场谁也输不起的战争。如果巴哈拉。
分布到科恩，那他的政治生命就完了。而如果科恩被拖下水，那他将成为华尔街入狱的最大牌基金经理。为避免夜长梦多，科恩决定给巴哈拉一个台阶。
他主动提出了庭外和解方案。二零一三年二月六日，陪审团认定马托马内幕交易罪成立。九月八号，马托马被判九年监禁，同时被处以九百三十万美元罚款。
十一月，赛克资本对证券欺诈罪供认不讳。此时，赛克资本已先后有八名基金经理因内部交易罪被捕。为尽快从官司里脱身。
赛克资本认罚十八亿美元，同时宣布关闭基金，在付出了巨大代价后，科恩免掉了牢狱之灾，全身而退。二零一八年，在伊兰案发十年后。
春重出江湖，成立了一家新的对冲基金。只是这一次他的超高收益传奇没能。

A piece of inside information made a huge profit of US$300 million and was traced by f b i. After ten years, the boss was able to retreat completely. How did this happen? Hello everyone, let's talk about it today.
One of the most famous insider trading cases in the United States, the US stock market has an ever-victorious general. The hedge fund he manages has yielded more than 30% for 20 consecutive years. This person is not Buffett, his name is Steve Cohen.
Known as the best trader on the planet. On October 19, 1987, the Dow Jones Index plummeted 22.6% without warning, and the brow bones were implicated.
The stock markets in London, Frankfurt, Tokyo and other places have fallen by more than 10%. The stock market crash was more severe than last year's meltdown in the US stock market. The New York Stock Exchange was once preparing to close.
The Hong Kong Stock Exchange was closed for four days, October 20, the second day of the stock market crash. When everyone was in lingering fears, Steve Cohen threw 50 million dollars directly into the stock market.
Suppressing the rebound of US stocks that morning, US stocks pointed out the decline and rebounded rapidly in the following two days. The Dow Jones index rose by 300 points. Cohen became famous in the first battle.
But compared to his subsequent performance, this investment can only be regarded as an appetizer. After becoming famous, Cohen established his own hedge fund, Sec Capital in 1998 and 1999.
The rate of return of Sec Capital has been close to 70% for two consecutive years. In 2000, due to the successful prediction of the bursting of the technology stocks bubble, we shorted the US stocks ahead of schedule. When Soros waited for a lot of big losers.
SEC Capital made a profit of 73% against the trend. If a fund can earn more than 30% every year, then the fund is a money printing machine and it only took ten years.
Syk Capital has grown from a small fund of 25 million to the top hedge fund in the United States. We all know that even if Warren Buffett trades in stocks, he makes a profit and loses.
Why does Sec Capital have invincible in the US stock market? Cohen has a nickname in China called the American version of Xu Xiang. He and Xu Xiang have two things in common. First, the funds they manage.
They have maintained their profit against the sky for a long time. Second, Boss Xu went in because he was involved in insider trading, and Cohen was tracked down by f b i for ten years. In the subsequent indictment of Syk Capital, there was such a passage.
From 1999 to 2010, SEC Capital encouraged employees to conduct a large number of ubiquitous insider trading, thereby obtaining huge illegal profits. Although Cohen claims to be invincible.
Stocks are all based on talent, but in fact his secret to victory in all battles is insider trading. In order to encourage or even force employees to go out to inquire about inside information, Cohen can be said to be a carrot and a stick.
All employees with good performance are used, and Sec Capital can pay out the highest dividends in the industry. In 2007, a Chinese fund manager named Jiang Ping went long in Mexican stocks.
Earning one billion U.S. dollars for the company, Cohen generously wrote a check for 100 million U.S. dollars to Jiang Ping. This record is still the largest dividend paid by Chinese financial professionals on Wall Street.
For employees with poor performance, Cohen shows no mercy. If the fund's withdrawal exceeds 10%, the fund manager will be laid off in minutes. There is a joke circulating within Sec Capital.
The boss prepared a Ferrari for the trader with the highest performance and a meal replacement voucher for the second trader. If you are ranked third, sorry, you have been fired. In order to keep employees awake at all times.
The room temperature of Sec Capital’s office space is kept at 21 degrees all year round. In order to prevent employees from being overwhelmed and mentally bursting, Cohen also hired a psychiatrist to provide psychological counseling for Olympic athletes.
Specially solve the psychological problems of employees. In 2007, an Indian named Matoma joined Saike Capital, which shocked the nation's insider trading file and opened the curtain.
At that time, American pharmaceutical companies were still developing a new drug for the treatment of Alzheimer's. If this new drug is successfully developed, it will be the greatest medical miracle of the 21st century. Yilan shares in pharmaceutical companies.
Increased volatility, because the release of a new drug has to pass three phases of clinical trials, which means that every time a trial is passed, Iran’s stock price will rise once, and if the trial fails.
It will be worthless. Matoma knows Professor Ji, a dementia expert at the University of Michigan, and Professor Ji himself is the chair of the clinical trial safety committee for this new drug.
In other words, Matoma can know the test results of the new drug in advance through Professor Ji. On June 17, 2008, the results of the second phase trial of the new drug were announced. Before that.
Matoma already knew that the test had passed, and he revealed the news to his boss, Cohensek Capital, who bought a large amount of US$700 million in pharmaceutical stocks. This is the trend of Yilan's stock price. At this stage.
Sec Capital began to take a look at its heavy positions, and this position was the day when the test results were announced, and the stock price soared by 40%. Matoma has done something. But this is just the beginning.
For a new drug, the most important thing is the Phase III trial. The results of the third phase will be announced in 45 days. According to the position information disclosed by the US Securities Regulatory Commission, SEC Capital at this time.
Has been bought into Yilan's largest shareholder. Wall Street generally believes that as long as Cohen's brain is not broken, then he is so heavy, he must know that the results of the third phase test are positive, and Cohen is indeed confident.
But he couldn't think of it, Matoma's optimistic estimate is not reliable. On July 17, 2008, two weeks before the results of the third phase were announced, Professor Ji delivered 24 pages of experimental data.
The test results of the new drug issued to Matoma were not good. Professor Ji and Matoma communicated on the phone for two hours. Matoma was persuaded by his own efforts.
The boss turned out to be Yilan’s biggest takeover of hundreds of millions of dollars in losses that the Indians could not bear. He dared not tell Cohen the news, and the results of the experiment were held in Matoma's hands for three days.
He is suffering, but he has no choice. On Sunday, July 20th, Matoma sent Cohen a text message early in the morning, saying that he needed to communicate over the phone. Cohen has always been cautious.
Usually only willing to share information with people in the sweat room, but this time he used his home phone to chat with Matoma for 20 minutes until the experiment failed. Cohen also exploded. As the largest shareholder of Yilan.
At this time, SEC Capital is already riding a tiger, because all investors are staring at the holdings of SEC Capital. So if Cohen steps out of Yilan now, he doesn't have to wait for the results of the third phase to be announced.
Iran’s stock price will collapse immediately, but if the position is not liquidated, the $700 million investment will be lost in nine days. Nine days passed quickly during this period.
There is no news about the liquidation of SEC Capital in the market, and the stock market is calm, and Cohen seems to have chosen to sit and wait. On July 29th, Elan was at the Hyatt Regency Chicago.
On-site press conferences were held for the results of the three phases. When the last page of p p t was cast on the screen, everyone was dumbfounded. The new drug failed due to excessive side effects, and Iran's stock price plunged instantly.
The investors cried, but thinking about the fact that Sec Capital lost even worse, the mood is still a little better. On the second day of the conference, the employees of Sec Capital came to the company early.
They are all waiting for their boss to show up, and everyone knows that if they suffer such a huge loss, the company is likely to be liquidated. The guest showed up in the office at half past eight as usual.
Eating breakfast quietly, as if nothing happened, no one would have thought that Cohen would have cleared his position unconsciously. Depend on this time, under the eyelids of countless people.
You can't delete the entire Wall Street.
There is a form of trading in the U.S. stock market called on-time trading, which is a block stock transaction involving institutional investors outside of trading hours. This type of transaction will neither show the bid and ask price.
And the identities of the bidders will not disclose the details of executed transactions to the public. Although everyone was staring at Syk Capital, the secret dark pool transaction allowed Cohen to complete the shipment.
I feel that he also shorted 4.5 million shares with a backhand. In this gamble, SEC Capital pulled away perfectly and made a huge profit of 270 million US dollars. In general, Indian insider information is accurate.
It's a great achievement. That year, Cohen gave Matoma a bonus of 9.3 million U.S. dollars. The Indians who received the bonus hurriedly left their jobs, moved their family to Florida, and bought a mansion there.
For Cohen, this incident of Yilan was just one piece of insider trading, and he didn't take it seriously. Unfortunately, this insider transaction ran into a subprime mortgage crisis. In 2008, US stock prices and property prices plummeted.
The wealth of most American families has shrunk by more than 50%. The common people are full of grievances and feel that their money has been cheated by Wall Street. They want to kill a Wall Street tycoon to sacrifice to heaven. In 2008.
An Indian named Bahala was promoted to the attorney for the Southern District of New York, responsible for overseeing financial transactions on Wall Street. Bahara has great political ambitions, and he has always wanted to go up even if the votes are big.
There are many doubts in this case, and Sec Capital is ugly and has a big reputation. Bahara decided to use this deal as a breakthrough and moved to Cohen to find out the ghost who leaked the results of the clinical trial.
f b i Turned over the call records of the new drug research and development personnel, and quickly rescued Professor Ji. In the face of hard evidence, Professor Ji admitted that he had provided SEC Capital with as many as 59 inside information.
And also took Matoma's $1080,000 benefit fee. The Indians can also take 9.3 million yuan in dividends to Professor Ji, even less than a fraction. November 2011.
f b i knocked on the door of Matoma's mansion, they said straightforwardly, we have all the details of the difficult case. You will either go to jail or help us accuse Cohen.
Matoma, who learned of the Dongchuang incident, fainted at the door on the spot. Seeing that Matoma was so fragile, Bahara was ecstatic. He believes that as long as a little interrogation, the soft persimmon will burst out.
Bahara's judgment was correct, but he underestimated Cohen's energy. On the day of being summoned, Matoma received a mysterious call, and a hoarse voice on the other end said slowly.
We know that you have been investigated, but don’t worry that we will hire the best lawyer for you, don’t speak, we will take care of your family.
Matoma's wife is a physicist. They raise three children together. Although cowardly, Matoma is not stupid. He understands what the guests mean. Matoma immediately became tough after receiving the call.
Unwilling to reveal anything, Professor Jie has turned to be a taint witness, Matoma's guilt is nailed down, and biting out Cohen is Matoma's only typical opportunity. In the interrogation room.
Mahara removed all security personnel, and the two Indians had a chat. No one knows what they talked about, but Ma Tongma bit his mouth tightly, and one person carried the pot on his back.
Cartoon horse is just a small shrimp on Wall Street. After three years of hard investigation, if only one shrimp is caught, then Bahara is a white horse. This is a war that no one can afford to lose. If Bahala.
Distributed to Cohen, then his political life is over. And if Cohen is dragged into the water, then he will become the largest fund manager in jail on Wall Street. In order to avoid long nights and dreams, Cohen decided to give Bahala a step.
He took the initiative to propose an out-of-court settlement plan. On February 6, 2013, the jury found Matoma guilty of insider trading. On September 8, Matoma was sentenced to nine years in prison and fined 9.3 million U.S. dollars.
In November, SEC Capital confessed to the crime of securities fraud. At this time, SEC Capital has already had eight fund managers arrested for insider trading crimes. To get out of the lawsuit as soon as possible.
SEC Capital pleaded to fine US$1.8 billion and announced the closure of the fund. After paying a huge price, Cohen was spared from prison and retired. In 2018, ten years after the Yilan case occurred.
Spring came back out of the arena and established a new hedge fund. Only this time his super high-yield legend failed.