Final Cooperating Witness in SAC Capitol Advisors Insider Trading Investigation to be Sentenced

Article_5_don-ching-trang-chujpg-4de8278759d00fdfRichard Choo-Beng Lee, a former analyst at SAC, who is known as C.B., would have testified at a trial about the “widespread nature of insider trading at the hedge fund.” He also would have “provided compelling evidence that SAC Capital’s leadership fostered an environment that, at minimum, tacitly encouraged illegal insider trading.”

Mr. Lee, 59, is a United States citizen who was born in Malaysia. He has been a cooperating witness with the government’s investigation for six years and pleaded guilty to insider trading charges. He is scheduled to be sentenced this week.

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