Federal prosecutors brought criminal charges against SAC Capital on Thursday. Dubbing SAC “a veritable magnet of market cheaters,” authorities argued that the company allowed a “systematic” insider trading scheme to play out between 1999 to 2010. It is deemed that the scheme generated profits for the firm in the hundreds of millions of dollars.

Contained in the indictment is a detailed account of the inner workings of SAC, which include e-mails that show founder Steven A. Cohen and other top execs failed to prevent possible insider trading.

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