SAC Capital Is Indicted

Ol' "Blue Eyes" Stevie Cohen of SAC Capital was so feared on Wall Street that nobody would mention his name.  There were whispers of connections with organized crime, but much of the intimidation came from traders feared being on the other side of his trades.

Price manipulation is rampant in equities markets (any investor of biotech startups can identify the makings of a bear raid like the back of their hand), fixed-income (see LIBOR scandal), and commodities.  Meanwhile, the regulators are asleep at the wheel, either looking the other way (more likely being paid to look the other way), or too understaffed or incompetent to prosecute.

http://dealbook.nytimes.com/2013/07/25/sac-capital-is-indicted/