SAC Fund Analyst's Alleged Double Tipping Shows Probe Expanding
Jon Horvath, a former analyst at SAC Capital Advisors LP who pleaded guilty to passing illegal tips to one manager at the hedge fund, also funneled inside information to another supervisor, U.S. regulators said in a lawsuit that may help accelerate the massive criminal investigation of SAC and its founder, Steven A. Cohen.
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#1 Mar 21, 2013
The truth about the tiping problem is that the first tipping goes to the BOSS which is always safe because it is added to the bill(the waiter never gets it) and then the second tipping goes to the waiter, that is optional from the costumer. The same problem happens in many restaurants all over the world.
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