Try as they might, the feds haven't been able to slow Steve Cohen's roll.

After a six-year crackdown on Wall Street's penchant for insider trading, federal prosecutors have filed criminal charges against SAC Capital Advisors, the powerful hedge fund run by YOLO-ing billionaire Steve Cohen. The indictment (below) includes one count of wire fraud and four counts of securities fraud for insider trading violations carried out from 1999 through at least 2010.

Hedge fund honcho Steve Cohen has chosen "the most hilarious possible defense" to SEC charges that he "failed to supervise" employees charged with insider trading. A 46-page white paper claims Cohen "did not even read" an email concerning ill-gotten intel on Dell.

The Securities and Exchange Commission has (finally!) gone and done it. The agency filed charges today against Steve Cohen, the audacious, art-collecting billionaire founder of SAC Capital, a $15 billion Greenwich hedge fund.

On tonight's Daily Show, Jon Stewart examined the little problem that Congress has with indulging in insider trading. You know how it goes, you learn some confidential information in a Senate hearing or something and then use that knowledge for your personal financial gain. Hey, it happens all the time. The only problem is that when the regular non-Congress types try do that it is called insider trading and people go to jail. Oh well.

Former hedge fund heavyweight Raj Rajaratnam will do a dime and change in federal prison for his insider trading conviction.

Hedge fund owner Raj Rajaratnam was convicted this morning on 14 counts of insider trading, on account of the hours and hours of secretly recorded phone conversations federal prosecutors had of him saying stuff like, "Hey, let's do some insider trading!"

Brace yourself for some shocking news: The feds are preparing "vast" insider trading charges against a slew of investment bankers, analysts and hedge fund executives. Included are some loose-lipped Goldman Sachs bankers who leaked health-care merger information to benefit investors.

The world's most inept attempted insider traders (at Disney) are pleading guilty to fraud charges.

Every time Lindsay Lohan drinks, it costs $10,000. English muffins can trigger false positives on alcohol monitors. Probation is the most complicated thing in the world. These are the things I've learned from the daily travails of the Lohans.

Asha Rajaratnam, the wife of accused insider-trading mastermind Raj Rajaratnam, is prepared to defend her man. And she isn't afraid to get physical, as she demonstrated earlier today when the couple left Town on West 56th Street and found themselves swarmed by photographers. [via DB]

Rich, powerful people who are sent to jail for insider trading when their friends wear a wire for a year are famously forgiving. They'll probably just shrug off a WSJ article outlining the Donnie Brasco-esque ways they were betrayed.

Reuters editor-in-chief David Schlesinger told staffers in a conference call Wednesday that an investigation into billionaire hedge fund manager Steven Cohen that he killed last month after Cohen called to complain was "not a bad story" and "could have run."

Anil Kumar, the former McKinsey & Co. director accused of feeding info to hedge fund founder and alleged crook Raj Rajaratnam, has pleaded guilty to securities fraud and conspiracy and agreed to cooperate with prosecutors. [NYT]

The growing insider trading scandal involving hedge funds has made its way to the offices of SAC Capital, the firm founded by one of the industry's most powerful figures, Zamboni-loving billionaire Steve Cohen. One of the 14 new defendants charged today, Richard Choo Beng Lee, seems to have started his crime spree when he was employed by SAC. [BI, Reuters]

Another 14 people have been implicated in the growing investigation into insider trading by hedge funds. A number of the people indicted today have ties to Raj Rajaratnam, the founder of Galleon Group who was arrested a couple of weeks ago; all of them, it's safe to say, just had their days ruined. [WSJ]

Does the recent collar of terrorist-supporting hedge fund chief Raj Rajaratnam suggest insider trading as back en vogue? The moving of markets with propriety information nobody else gets hasn't been cool since Wall Street...until now. Love it, says the WSJ.

Galleon Group, the hedge fund founded by Raj Rajaratnam, the man at the center of the insider trading scandal that has rocked Wall Street in recent days, is shutting its doors. (Apparently, investors get a bit nervous when they see the CEO of the hedge fund they've invested in get hauled away in handcuffs and quickly ask for their money back.) Galleon is now reportedly looking to sell off the firm's assets, so if you're looking to pick up a hedge fund on the cheap, you probably should email to Raj as soon as possible. Oh, and yes, we tested out Raj's email address a few minutes ago and it still appears to be operational. So you're all set on that front. Do be sure to let us know how your negotiations go, though. [NYT]

The biggest insider trading scandal to hit Wall Street in years may be about to get even bigger. Bloomberg reports that as many as 10 more people could be charged in connection with the case as early as next week.

Billionaire businessman Raj Rajaratnam is out on bail, so he stopped by Galleon Group, the hedge fund he founded in 1997, to give a pep talk to the staff. Things aren't going so well over there!