On the podcast today, we have Richard Lee. Richard is best known for having been a trader at Steve Cohen’s hedge fund, SAC Capital, and for having insider trading charges against him dismissed after a 7 year fight to clear his name.
Richard initially pleaded guilty to insider trading charges in 2013, and upon discovery of new evidence in 2017, he moved to withdraw his original plea. On June 21, 2019, a federal court judge for the Southern District of New York granted Richard’s motion to vacate his guilty plea, and then on Nov 27, 2019, federal prosecutors dismissed all charges against him.
I first met Richard in 2013, soon after he first pleaded guilty. We’ve been friends and have worked together closely ever since. On the podcast today, Richard and I discuss the entire story that led to his incredible outcome.
So coming up, Richard Lee. Insider trading charges dismissed, on white collar week. I hope you’ll join us. - Jeff
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Welcome to White Collar Week with Jeff Grant, a podcast serving the white collar justice community. It’s the isolation that destroys us. The solution is in community.
If you are interested in this podcast, then you are probably already a member of the white collar justice community – even if you don’t quite know it yet. Our community is certainly made up of people being prosecuted, or who have already been prosecuted, for white collar crimes. But it is also made up of the spouses, children and families of those prosecuted for white collar crimes – these are the first victims of white collar crime. And the community also consists of the other victims, both direct and indirect, and those in the wider white collar ecosystem like friends, colleagues, prosecutors, defense attorneys, judges, law enforcement, academics, researchers. Investigators, mitigation experts, corrections officers, reentry professionals, mental health care professionals, drug and alcohol counselors, – and ministers, chaplains and advocates for criminal and social justice reform. The list goes on and on…
Our mission is to introduce you to other members of the white collar justice community, to hear their very personal stories, and hopefully gain a broader perspective of what this is really all about. Maybe this will inspire some deeper thoughts and introspection? Maybe it will inspire some empathy and compassion for people you might otherwise resent or dismiss? And maybe it will help lift us all out of our own isolation and into community, so we can learn to live again in the sunshine of the spirit.
