1. SPLURGE

    Steve Cohen of SAC Capital Buys Huge Hamptons House

    First a Picasso, now a $60 million house—for what is Steve Cohen compensating? Oh, that’s right, a federal investigation for insider trading and a potential $616 million settlement. With his company SAC Capital part of a larger federal probe, Steve Cohen, worth an estimated $10 billion, surprised many with his recent spending spree of art and real estate.

    Read it at The New York Times