hedge funds steve cohen the most senior at that firm who has been charged so far. now cohen has long been known as one the shrewdest investors ever and someone who lives large. still two of his recent blockbuster purchases are making headlines viewed as conspicuous consumption even by wall street standards. for almost two decades, steve cohen racked up returned of almost 30% a year for his investors and himself building an estimated $10 million fortune. the s.e.c. alleges that some of these profits came through improper inside information. to settle that case cohen s firm agreed to pay $116 million. but on thursday, a federal judge declined to rubber stamp the settlement, raising questions and delaying a final decision. the judge was concerned about language that allows cohen s firm to not admit wrong-doing. reporter: the prospect of paying hundreds of millions of dollars to the government hasn t hurt cohen s wallet.
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correct. i m all over that. i spoke to allen about it. spoke to allen about it. with me now cnn legal analyst, a former federal prosecutor is with us for the eastern and southern districts of new york where cohen the cohen case is taking place, is playing out, and jennifer taub is back with us, professor. people talk so much about cohen and how he knew where the bodies were buried. this is the financial gatekeeper to all things trump. he would know where the financial bodies were buried. the fact he s getting subpoenaed, how significant is this? i would think it would be surprising if he was not subpoenaed at this point. they have to speak with everybody. they re doing a grand jury investigation obviously, especially since we hear him on this tape, it would be incredibly surprising if he was not being called to testify in front of the grand jury. the wall street journal says it s not clear if he spoke to weisselberg on the story.