Posts tagged “subpoenas”

SAC Capital Helicopter Escapade – Simple Folly or Daring GetaWay?

December 2nd, 2010

Maybe it’s just an interesting coincidence. Last week, Steve Cohen’s SAC Capital found itself in the middle of the high-powered federal probe into insider trading among hedge funds and other institutions. They, Citadel Investment Group, and a bunch of other big firms were served with subpoenas for their roles in the ever-expanding case.

Now, Jason Konidaris, who works for of SAC Capital, and his wife are caught in the middle of a dispute with their neighbors and the New Canaan, CT police over a helicopter landing.

When Konidaris landed in a helicopter at his home a week ago, a neighbor called the police because he or she thought it had crashed.

The neighbor was mistaken. It hadn’t crashed – the helicopter was in fact picking up Kondaris to take him to an unknown destination. Conspiracy theorists want to know whether the destination shares an extradition treaty with the U.S.

But when the police showed up and questioned Janie Kondaris, Jason’s wife, she had no idea what had happened.

The police are having a field day with this landing. They are charging Janie with a misdemeanor because, they say, she intervened with a police officer.

And the helicopter pilot,Dale Hardy, was also charged. He was issued an infraction for violating a town ordinance requiring pre-arranged clearances for helicopter landings.

One question here is, isn’t that presumptuous of the police to assume Janie knew the helicopter landed? Sure they’re loud, but she may have been asleep, or in a state as delusional as the neighbor who thought the helicopter crashed.
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