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Steve Cohen isn’t just another hedge-fund billionaire; he is hanging just outside his bedroom.
Just days after Stephen Paddock, 64, opened fire on concertgoers at the Route 91 Harvest Festival, photos made their rounds on social media showing security guards with handheld metal detectors at the entrance of the Wynn Las Vegas.
Simply reading the headlines this spring, one could be forgiven for being a bit confused.
In mid-March, after years of scoffing at every suggestion any of its traders might have done something untoward, SAC agreed to pay, without admitting guilt, the largest fine in the history of the Securities and Exchange Commission, a stunning 6 million, to settle charges of insider trading in only two trades.
Whether those measures would have prevented Sunday's rampage on the strip in which 58 people were killed is unknown.
But the shooting could spur casino operators to think more like Wynn, who had been dismissed as 'obsessed' about security before Sunday's massacre, a rival casino executive said.'This could be a turning point,' the executive said, speaking on the condition of anonymity because security measures are private.
Police said they recovered a total of 47 weapons belonging to Paddock, including 23 from the hotel room.