Hedge-fund titan Steve Cohen can now add a federal grand-jury subpoena to his collection of art, houses and moolah.
The embattled money man, who last week told investors in SAC Capital Advisors, his $16 billion firm, that he was no longer cooperating with federal agents probing his firm for insider trading, was issued the subpoena last week to testify, a published report says.
The subpoena comes with about two months left before the statute of limitations on the alleged wrongdoing takes effect, and indicates Manhattan US Attorney Preet Bharara is turning up the heat on Cohen.
Other SAC executives were also named in subpoenas, according to lawyers and executives who spoke anonymously to The New York Times, which first reported on the matter.
Cohen has not been charged with any crimes.
By telling investors that the firm would no longer cooperate with federal authorities looking into alleged insider trading, Cohen appeared to be suggesting that he would plead the Fifth Amendment rather than answer questions for a grand jury, the lawyers briefed on the case told the Times.
That would risk his being tripped up by prosecutors and possibly incriminating himself.