Fox Business Network Reports SAC Capital Founder Steve Cohen Is Fairly Confident He Will Not Be Indicted For Insider Trading

FOX Business Network (

) Senior Correspondent Charlie Gasparino reports that hedge fund manager and founder of SAC Capital Steven Cohen is “not distracted” by the Justice Department's “intensifying probe” into the company on allegations of insider-trading. Gasparino reports that Cohen feels “pretty confident” that he will not be indicted and thus is operating under his normal schedule. Excerpts from the report can be found below, courtesy of Fox Business Network.

“Sources are telling the FOX Business Network that he is essentially brushing off the intensifying probe of SAC Capital. He is “not distracted” by this probe. For all intents and purposes, he feels pretty confident about his chances. Cohen is keeping his schedule and giving a speech tomorrow at a high profile hedge fund conference in Las Vegas.”