Part 1/9:
The Rise and Fall of Steve Cohen: A Wall Street Odyssey
The saga of Steve Cohen, a name synonymous with Wall Street's tumultuous tides, captures the risky essence of high finance. In July 2008, amidst the crescendo of a financial crisis, a confidential meeting set in motion Cohen’s descent into legal woes rooted in insider trading, all while he was at the helm of his hedge fund, SAC Capital.
The Catalyst: A Secret Meeting
Matthew Martoma, Cohen's right-hand man, organized a clandestine gathering with an influential medical figure. During this meeting, the fate of a transformative Alzheimer's drug hung in the balance, and when Cohen made a fateful decision, it would culminate in events shaping the next seven years of both his and SAC Capital's future.