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U.S. v. COHEN

Docket No. 00-1574.

260 F.3d 68 (2001)

UNITED STATES of America, Appellee, v. Jay COHEN, Defendant-Appellant.

United States Court of Appeals, Second Circuit. August Term, 2000.

Decided: July 31, 2001.

Attorney(s) appearing for the Case

Joseph V. DeMarco, Assistant United States Attorney for Mary Jo White, United States Attorney for the Southern District of New York (Assistant United States Attorney George S. Canellos, New York, NY, on the brief), for Appellee.

Mark M. Baker, New York, N.Y. (Brafman & Ross, P.C., Benjamin Brafman, Jennifer Liang, and Melinda Sarafa on the brief) for Defendant-Appellant.

Before: LEVAL and PARKER, Circuit Judges, and KEENAN, District Judge.

KEENAN, District Judge:

BACKGROUND

In 1996, the Defendant, Jay Cohen ("Cohen") was young, bright, and enjoyed a lucrative position at Group One, a San Francisco firm that traded in options and derivatives. That was not all to last, for by 1996 the Internet revolution was in the speed lane. Inspired by the new technology and its potential, Cohen decided to pursue the dream of owning his own e-business. By year's end he had left his job at Group One...

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