Former SAC trader Steinberg indicted

Mar 29, 2013, 2:18 PM EDT
Michael Steinberg (L) leaves Manhattan Federal Court in New York March 29, 2013.
REUTERS/Eduardo Munoz`

U.S. prosecutors charged Michael Steinberg, a veteran portfolio manager with Steven A. Cohen's $15 billion hedge fund, with engaging in insider trading in two technology stocks, the most senior SAC Capital Advisors employee to be charged in the government's long-running probe.

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