Were you suspicious? Were you not just a tad nervous about hedge-fund billionaire Steven Cohen buying the Dodgers?
There were certainly reasons to be, even after local extravagantly rich guy Patrick Soon-Shiong joined the Cohen bid.
Some were disappointed Cohen was swept aside at the last minute by an aggressive $2.15-billion bid by the Guggenheim Baseball Group, a initially misnamed the “Magic Johnson-led group.”
Cohen’s hedge fund company, SAC Capital, was under investigation for insider trading during the bidding process, though Cohen was reportedly not directly under scrutiny.
Tuesday the Wall Street Journal reported that Cohen had been implicated in a massive $276-million insider trading scheme.
Perhaps your economic Spidey sense was tingling for good reason. Now just imagine if Cohen -- widely viewed as the runner-up -- had actually won the bidding. The Dodgers would have gone from bankruptcy court under Frank McCourt to criminal court under Cohen.