Source: The American Prospect
by Russell Lemle & Jasper Craven
“If there’s one thing hedge fund titan Steven Cohen is known for, it’s rising from the ashes. A decade ago, Cohen worked feverishly to recover from a notorious Wall Street scandal. Now, he’s aiming to ram through a damaging veterans mental health bill that was summarily quashed in President Trump’s first term. One of the world’s richest people, Cohen suffered a devastating blow in 2013 when his hedge fund pleaded guilty to insider trading and paid $1.8 billion in fines, the largest such penalty in U.S. history. Cohen personally reached a settlement with the Securities and Exchange Commission that banned him from managing outside money for two years. The SEC cited his ‘failure to supervise’ a portfolio manager involved in the scheme who went to prison for nine years. Following his mandatory hiatus, Cohen returned with a vengeance, swiftly doubling his fortune to $23 billion.” (01/12/25)
https://prospect.org/2026/01/12/billionaire-tries-again-to-hijack-veterans-care/