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The Race to Take Down the Greatest Trader Who Ever Lived 

Newsthink
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Hedge fund king Steven Cohen was at the center of the largest insider trading scandal in history.
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Images of Steven Cohen's deposition was obtained by PBS Frontline. Watch the Frontline documentary: • Before The Mets, Steve...
Check out Sheelah Kolhatkar’s book Black Edge: www.amazon.com/Black-Edge-She...
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Select images/video supplied by Getty Images and Alamy.
Sources:
Start of video: Steven Cohen image: point72.com/leader/steven-a-c...
0:16 Agent001, CC BY-SA 3.0 creativecommons.org/licenses/... via Wikimedia Commons
1:41 WestCoastivieS, CC0, via Wikimedia Commons
2:09 Ken Lund from Reno, Nevada, USA, CC BY-SA 2.0 creativecommons.org/licenses/... via Wikimedia Commons
2:35 Infrogmation of New Orleans, CC BY-SA 2.0 creativecommons.org/licenses/... via Wikimedia Commons
3:39 Bear Bull Traders, CC BY 2.0 creativecommons.org/licenses/... via Wikimedia Commons
8:44 Image of Steven Cohen / stevenacohen2
Articles and interviews referenced:
11:06 The Smoking Gun article www.thesmokinggun.com/buster/...
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21 окт 2023

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Комментарии : 232   
@Newsthink
@Newsthink 7 месяцев назад
*If you enjoyed this, check out my video on the outsider who turned $2M into $20 BILLION, the greatest trade ever* ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-1IMsHJI7WjM.html Access a dedicated guide to manage your financial life with Domain Money today: dmnmny.co/newsthink
@andrewmutavi590
@andrewmutavi590 6 месяцев назад
An encouragement to be unscrupulous and get all u want by any means necessary, integrity be damned
@cebedecebede
@cebedecebede 6 месяцев назад
You shouldn't celebrate cheaters.
@stevenchow408
@stevenchow408 6 месяцев назад
One man greed is another's misery
@ariavachier-lagravech.6910
@ariavachier-lagravech.6910 6 месяцев назад
"Greatest trader who ever lived" I have a problem with your title, namely the fact you are not covering Jim Simons the actual greatest trader and greatest mathematician of our time
@Newsthink
@Newsthink 6 месяцев назад
That's a good idea for a future story@@ariavachier-lagravech.6910
@ariefghani2380
@ariefghani2380 6 месяцев назад
Meanwhile, politicians in Congress can legally do insider trading 😂
@refilwebilly2640
@refilwebilly2640 6 месяцев назад
u see dats what im also saying if they can do it why cant we? 😂
@J4sse
@J4sse 6 месяцев назад
A lot of these politicians have high net worths 🤔.
@J4sse
@J4sse 6 месяцев назад
@@refilwebilly2640 *Criminal's attitude towards the government*
@up2me967
@up2me967 6 месяцев назад
It's not how you play the game it's who dictates the rules of the game that win...
@chriskewe4238
@chriskewe4238 3 месяца назад
Criminals with immunity...
@rigorocks23
@rigorocks23 6 месяцев назад
Needs to be renamed the world’s greatest insider trader
@maxmarx2
@maxmarx2 6 месяцев назад
True
@Newsthink
@Newsthink 6 месяцев назад
That's not a bad idea
@raylopez99
@raylopez99 6 месяцев назад
You wonder whether anybody really beats the averages. If Warren Buffett and his staff due to his ability to see trends being on so many boards can trade on information, not to mention members of Congress, is that skill or luck? Why I favor not having inside trading laws.
@MDNQ-ud1ty
@MDNQ-ud1ty 6 месяцев назад
Greatest crook that likely had dirt on someone with power. It's all one corrupt psychopathic circus. It's easy to get away with stealing from the plebs if everyone is doing it.
@RealizeTrades
@RealizeTrades 6 месяцев назад
The greatest are never caught
@MegaMijit
@MegaMijit 6 месяцев назад
NOW ARREST THE POLITICIANS WHO ARE EVEN WORSE ABOUT INSIDER TRADING!!
@guitarsoundsaround
@guitarsoundsaround 6 месяцев назад
💯. They’re the biggest house of cards. The few we hear about in the “news” is not even the tip of the iceberg. Endless corruption, globally too.
@Stephen_Lalrinawma
@Stephen_Lalrinawma 7 месяцев назад
Such consistent quality content. You deserve all the success Cindy.
@gab_borges
@gab_borges 6 месяцев назад
Just one correction. It’s not 20% or 50% of profits. It’s 20% or 50% of the profits that EXCEED the benchmark, like, S&P.
@TheDCGuitar13
@TheDCGuitar13 6 месяцев назад
Insider trading is as well enforced as weed laws. They pick and choose when to prosecute.
@Play_Streams
@Play_Streams 6 месяцев назад
Martoma = "Dolla Bill" in Billions
@Frontpageleisure
@Frontpageleisure 19 дней назад
I’m Keyser f’ing Soze!
@joshdms3175
@joshdms3175 6 часов назад
Exactly
@jerrypark23
@jerrypark23 6 месяцев назад
I just discovered your channel. Your videos are top tier quality! Sufficiently informative without being verbose.
@Newsthink
@Newsthink 6 месяцев назад
Thanks Jerry! More to come :)
@ragd4L
@ragd4L 6 месяцев назад
Ah Bobby Axelrod
@bjkjoseph
@bjkjoseph 7 месяцев назад
It’s who you know, and they all know very influential people. They go to the top schools and the relationships they cultivate,they keep.
@bekreto
@bekreto Месяц назад
You right.👍
@arielspalter7425
@arielspalter7425 6 месяцев назад
I’m half way through, but just wanted to say thank you for incredibly informative and well done video!
@bcab7955
@bcab7955 6 месяцев назад
To flip from such a large long side trade to shorting that same ticker almost immediately sans any major disruption from technical analysis should've been a major red flag to the regulatory agencies, wild.
@TM-yn4iu
@TM-yn4iu 2 месяца назад
Probably one of the best and factually interesting videos addressing an ongoing issue here in America. Furthermore, not mentioned in the normal media. Thank you.
@1Piecer
@1Piecer 6 месяцев назад
The Greatest traders in USA are the Congress. Untouchable! And as Nancy said "Everyone Do it!"
@m.usmanqureshi1561
@m.usmanqureshi1561 6 месяцев назад
Real life Bobby Axelrod
@user-gu4ze9pl8w
@user-gu4ze9pl8w 2 месяца назад
So happy to have discovered these Mamas, and am looking forward to much more!
@bernl178
@bernl178 6 месяцев назад
Fantastic Contant, problem is he is the one that got caught how many are doing this that don’t get caught. And how deeply entrenched are the politicians knowing all this and doing nothing about it it’s like loopholes were made purposely in the law for them to actually get away with it somewhat disgusting
@badsamaritan8223
@badsamaritan8223 6 месяцев назад
Strange that they couldn't get him on RICO charges.
@mirjanajaksic6440
@mirjanajaksic6440 6 месяцев назад
They made a 🤝 he is making dirty money for some bih government guy
@Buckiz
@Buckiz 6 месяцев назад
He's Jewish that's why.
@j4genius961
@j4genius961 7 месяцев назад
This is the real face of capitalism, those who truly "work hard and take risks" end up screwed while the big sharks enjoy unimaginable riches.
@loh1870
@loh1870 6 месяцев назад
Save your money kids 😉 it'll be worth less later -economic system
@JayanthRoy-np1ys
@JayanthRoy-np1ys 6 месяцев назад
Is there any scientific evidence or backing for that statement or is it an emotional opinion?
@d.7611
@d.7611 6 месяцев назад
Work hard😂 Work smart is the matra, not sure what you are offering instead😂
@m.zahiruddinmohhar6492
@m.zahiruddinmohhar6492 6 месяцев назад
Clearly that statement came from an emotional place and made up from lalaland.
@j4genius961
@j4genius961 6 месяцев назад
@@JayanthRoy-np1ys Scientific like the video you just watched?
@DisisSid001
@DisisSid001 6 месяцев назад
Hey! Just wanted to let you know that I really like your content and Clicking on the bell icon really does not disappoint you!
@RougeMaster
@RougeMaster 2 месяца назад
Sick Channel !!! Subbed liked and shared. Keep em coming
@papishome3394
@papishome3394 6 месяцев назад
that martoma guy is so heartess
@aldinokalla868
@aldinokalla868 6 месяцев назад
ALWAYS THE SAME WHO MAKE FRAUDS AND SCAMS.
@KlausVillaca
@KlausVillaca 2 месяца назад
Good video. Unfortunately that’s a common practice among some politicians and nothing happens with them.
@skelious
@skelious 6 месяцев назад
Great job ty for sharing this vid.
@guillotineblade999
@guillotineblade999 6 месяцев назад
Also, calling someone who used illegal means to make a fortune trading "the Greatest Trader" is like calling the most nortorious Thief "The Greatest entrepreneur."
@Newsthink
@Newsthink 6 месяцев назад
Changed the title
@backupdancer3720
@backupdancer3720 2 месяца назад
So what exactly did the writers of 'Billions' do to earn their money, besides jazz up a Wikipedia entry..?
@0389BA
@0389BA 6 месяцев назад
Meanwhile senators did the same thing especially during the COVID pandemic and not a single one was held responsible. 🤬😡😡
@geoms6263
@geoms6263 7 месяцев назад
great guy Cohen
@AshishKumar-qe4hq
@AshishKumar-qe4hq 6 месяцев назад
his story was featured in billions and latest season just released
@GrinerB
@GrinerB 3 месяца назад
The irony of the movie Wall Street playing everyday since it’s release. While I understand the need for insider trading laws, I don’t understand why politicians are exempt from them. Especially when the biggest political donors are Wall Street people or Wall Street adjacent.
@Jahguaar
@Jahguaar 3 месяца назад
Knowledge supports growth.
@ariavachier-lagravech.6910
@ariavachier-lagravech.6910 6 месяцев назад
"Greatest trader who ever lived" But that's not Jim Simons
@Yrkr785
@Yrkr785 2 месяца назад
Jim isn’t a trader
@markcrisp07
@markcrisp07 2 месяца назад
@@Yrkr785 What is he then?
@Yrkr785
@Yrkr785 2 месяца назад
@@markcrisp07 he’s magician no risk all returns
@up2me967
@up2me967 6 месяцев назад
So moral of story is not to play trader unless you have inside trading sources and the risk acceptance for it?
@yashagar4443
@yashagar4443 6 месяцев назад
Impeccable
@midwestcharm
@midwestcharm 5 месяцев назад
We need to.figure out if Nancy and Paul Pelosi have been capitalizing on insider trading too.
@khalidhakimi93
@khalidhakimi93 6 месяцев назад
15:30 Martin’s didnt go against cohen because its some people’s trait of loyalty and perhaps he was a good friend of cohen
@candyfloss184
@candyfloss184 2 месяца назад
Amazing....❤ the content.
@lapodcast3923
@lapodcast3923 3 месяца назад
IDK why the FBI is tight about this stuff like games a game and this particular game props up the US economy 🎉
@elmehdiezziar
@elmehdiezziar 7 месяцев назад
Rate race 😊
@Enoo-Wynn
@Enoo-Wynn 6 месяцев назад
Imagine if Cohen loses his car keys in that house. Poor fella. 😢
@twofish2470
@twofish2470 6 месяцев назад
Don’t worry he’ll just take Ferrari #5 instead
@obey2dmax
@obey2dmax 4 месяца назад
The baseball owner thought he had "inside info" on Matsumoto.
@prabhushankar8520
@prabhushankar8520 6 месяцев назад
Good 👍😊
@davidbrooks1724
@davidbrooks1724 6 месяцев назад
I get them selling their position, but shorting . Damn
@jaad9848
@jaad9848 6 месяцев назад
If all that is required is a star system to protect Cohen than Kingpins are meant to be protected by design
@johnd.5601
@johnd.5601 2 месяца назад
It's not worth telling anyone when you know something is happening. It doesn't change anything and will only get worse for yourself.
@kulwinderkuls8560
@kulwinderkuls8560 6 месяцев назад
Thanks for this amazing story(amazing fraud) I never heard about.
@MarcPagan
@MarcPagan 7 месяцев назад
Thanks for the story from a former Muni Bond Arb Hedge Funder -- who didn't insider trade. Just to be clear. In case the SEC, FINRA, or other fine people are reviewing the comments section :)
@raylopez99
@raylopez99 6 месяцев назад
You must not have been that successful... but at least you have good morals.
@MarcPagan
@MarcPagan 6 месяцев назад
LOL@@raylopez99 Compared to Mr..Cohen? I had no success ..a relative minimum wage :). But, did manage just under 7 figures annually. Not bad, but way short of enough to buy the Mets:)
@raylopez99
@raylopez99 6 месяцев назад
@@MarcPagan Good for you. I understand from some Wall Street traders I know that you have to make pretty much your entire career earnings (minus the roughly 50% tax) by the time you are in your early 30s, so divide your annual salary by about three to compare it to the real world where a career might last 30-45 years not 10-15 years. Invest your money wisely and you should do OK. I myself made almost a million in savings working in the tech field in Silicon Valley before I retired in my 40s, due to hard work, inspiration, preparation, and making money the old fashioned way: I inherited a boatload of money from a rich, childless relative.
@jetpark3743
@jetpark3743 6 месяцев назад
He's still powerful and rich
@aldinokalla868
@aldinokalla868 6 месяцев назад
A KOSHER ROBBER 😀
@IsThisHowUDoThat
@IsThisHowUDoThat 11 дней назад
this is the background that created the TV Show Billions
@WolfdogsRescue
@WolfdogsRescue 6 месяцев назад
We just gunna ignore Nancy PELOSI???
@frankndungu5268
@frankndungu5268 6 месяцев назад
Billions is actually based on Steven Cohen
@74danishone
@74danishone 2 месяца назад
Steve Cohan is for sure into insider trading even if he is not caught yet
@rhondamathis1323
@rhondamathis1323 6 месяцев назад
Eric was a day trader
@jeffcrampton4771
@jeffcrampton4771 2 месяца назад
He had great lawyers with the right connections how do you think he did it.
@prashant381
@prashant381 6 месяцев назад
Martoma ...u say he was hired from stanford...but he may have wrong transcripts from harvard..
@edbop
@edbop 6 месяцев назад
People are recruited to work in the city not for their talent but their lack of integrity.
@jackwilliamson1929
@jackwilliamson1929 6 месяцев назад
Oh I thought you were gonna talk about Ken Griffin but no you're gonna talk about the scapegoat.
@user-ul1ku1ds9d
@user-ul1ku1ds9d 3 месяца назад
That a boy! Wallstreet doesn’t play around….its all about the dollars and who’s pocket they reside. Go calls and puts
@DaBaltimoron
@DaBaltimoron 6 месяцев назад
This is the guy who bought the Mets? After all the Madoff drama? Really buried the lede there.
@markcrisp07
@markcrisp07 2 месяца назад
He was making a lot more than 30% per annm. That's what his investors got. More like 60%+ per annum.
@chizzlemo3094
@chizzlemo3094 6 месяцев назад
the same reason 22 out of the 25 biggest HF managers are Jewish is the trust they have among eachother, same as why gangs in USSR were Jewish.
@didiermuhire9717
@didiermuhire9717 6 месяцев назад
D is out of water ? Or out of money? Be precise we are pros.
@Gorillestrader
@Gorillestrader Месяц назад
This is every politician.
@ljbrown824
@ljbrown824 6 месяцев назад
So this is where billions come from lol
@fcktheworldeconomicforum6804
@fcktheworldeconomicforum6804 6 месяцев назад
1.26 ... he was NEVER the greatest/best trader ever lived
@user-uh1bp2wr9t
@user-uh1bp2wr9t 6 месяцев назад
Could personally use that $101mill.
@jamestreanor182
@jamestreanor182 6 месяцев назад
There are many self made traders
@olaolara883
@olaolara883 3 месяца назад
Huum everybody has his own greatest trader! To me the real GOAT is ICT😊
@RexMundi_UTC
@RexMundi_UTC 6 месяцев назад
Get those man a life sentence and a jail cell STAT!
@johnsullivan4049
@johnsullivan4049 6 месяцев назад
Great, now make it illegal for the polical class to get into insider trading. Which apparently it is not.
@AlinaLopez-vz9qp
@AlinaLopez-vz9qp 3 месяца назад
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
@user-uo2tf2gv8n
@user-uo2tf2gv8n 3 месяца назад
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
@user-jy7wc5hb3i
@user-jy7wc5hb3i 3 месяца назад
do u consider anyone worthy for recommendations? I have money set asides to taste the waters now that stocks are at a discount, well it's either that or inflation.
@ClarkRivera-yn2tf
@ClarkRivera-yn2tf 3 месяца назад
Very much appreciated. I curiously looked up Lisa Ann Moberly on the web and fortunately came across her site first, her resume is incredible and she looks proficient I must say.
@KT-en8pq
@KT-en8pq 6 месяцев назад
US Congress.......
@KarthikS30712
@KarthikS30712 2 месяца назад
Steinberg, Martoma refused to cooperate so that he can return to stock trading and take up a lackey position with another shark.
@lephtovermeet
@lephtovermeet 2 месяца назад
Hurrr durrr maybe dark trades of public equities shouldn't be allowed.
@KingdomIsNow
@KingdomIsNow Месяц назад
They never got the trader.
@edwardmcgann3453
@edwardmcgann3453 6 месяцев назад
The ART of making money. How fucked are we? Our health care cost a multiple of others because of these ARTISTS 🌞🤣🤣🤣🤣🤣
@ChuckleHoneybear
@ChuckleHoneybear 2 месяца назад
The poor old doctor!
@johnd.5601
@johnd.5601 6 месяцев назад
Hedge funds cheat? No I don't believe that....lmfao
@DavidM2002
@DavidM2002 2 месяца назад
Calling him the greatest trader is like calling Lance Armstrong the greatest rider. If you cheat, of course you can rise up through the ranks. Let's see them do their stuff the honest way and see how great they really are.
@johnd.5601
@johnd.5601 5 месяцев назад
This isn't betting! Betting means one side pays up when they lose. This is plutocracy and crony capitalism! No matter what happens, these crooks will never pay up and never be indicted!
@Deriv44
@Deriv44 6 месяцев назад
Soil is Cohen the real life Bobby Axelrod,?
@SunnySingh-nw9tg
@SunnySingh-nw9tg 6 месяцев назад
Yes bobby is based on him and chuck is based on preet brar who prosecuted cohen how chuck did bobby
@Deriv44
@Deriv44 6 месяцев назад
@SunnySingh-nw9tg Thank you for the info and who Chuck is based on. 👍👍
@Murray-wk3hz
@Murray-wk3hz 6 месяцев назад
If he such a great trader, how come the Mets suck.
@jaad9848
@jaad9848 6 месяцев назад
because hiring unethical people just ends up burning you after scandals mean you have to fire them. unethical is more useful in wall street or with the Astros
@OGQMdawini
@OGQMdawini 6 месяцев назад
You mean Greatest insider trader who ever lived 😂
@712UNEEK
@712UNEEK 6 месяцев назад
I’m confused if he made money off of insider trading then he not the greatest trader he’s the greatest cheater
@ladabe4979
@ladabe4979 6 месяцев назад
Look at his last name. That should be a hint.
@marvinrobinson3981
@marvinrobinson3981 3 месяца назад
Uh he's not the greatest if he had to cheat to do it!! I won't disagree if you say he's the greatest cheater
@zer0gravity184
@zer0gravity184 6 месяцев назад
I'm thinking he was Nancy Pelosi's consultant with her "investment" strategy. 😏
@mn3438
@mn3438 6 месяцев назад
Jordan Belford is Infant compared to Steven 🦈 🐳
@Sirius-me5zy
@Sirius-me5zy 2 месяца назад
Insider trading are a nor
@abdulkhayabdumalikov6856
@abdulkhayabdumalikov6856 7 месяцев назад
106 th viewer😁😁😁
@rickorange3137
@rickorange3137 6 месяцев назад
That's what they doing Washington DC Nancy pelosi and many more do it
@swoondrones
@swoondrones 6 месяцев назад
Street! Why not incriminate him?
@davidstevens5358
@davidstevens5358 6 месяцев назад
What about Nancy Pelosi and her husband doing inside trader..
@FrankLukasJr-gk5vw
@FrankLukasJr-gk5vw 3 месяца назад
Crooks..all of them
@c.f.3503
@c.f.3503 7 месяцев назад
6th
@nunyabizznizz7326
@nunyabizznizz7326 6 месяцев назад
multi tiered justice system at work.......like carlin said, it is a big club, and you aint in it
@cxa24
@cxa24 6 месяцев назад
Mr traviance
@MikeMane-ex1vf
@MikeMane-ex1vf 2 месяца назад
The greatest cheater is the 'greatest trader' nowadays? LMFAO!
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