With nearly $1 million that Patricia had earned from various real estate efforts,and some other funds, Steve actively traded an individual account in his name at Gruntal, andeventually started his own trading company, SAC Trading. His brother Donald Cohen
was a certified public accountant with his own accounting and auditing firm, andSteve engaged Donald to actively co-manage his affairs and day-to-day business activities.4.
While Patricia trusted that her husband and brother-in-law would faithfullyaccount for her investments, Steve and Donald conspired together and with others through acourse and pattern of unlawful racketeering to conceal their activities, her investments and theprofits and value they had generated through SAC Trading, which Steve started with the help of
activities were a combination of legitimate trading profits, leveragedby illegal insider trading and money laundering schemes, accomplished through a coordinatedenterprise of corporate and individual associates
(the “SAC Criminal Syndicate”)
, includingGruntal, senior executives at Gruntal, SAC Trading, Marvan & Cohen, P.A.
accounting firm), Conversion Funding Corp. and its principal Brett Lurie, and other persons andentities, who all participated in schemes engineered by Steve and Donald, as one unlawfulenterprise, to produce substantial profits from legal and illegal racketeering activities
activities which were concealed from Patricia.6.
While some of the players and schemes have changed, the SAC CriminalSyndicate has continued its activities to the present, through various affiliated SAC Capitalentities, engaging in various schemes and frauds, including insider trading, to create substantialprofits and returns.