Brooklyn rabbi sentenced to four years for extorting $4 million from hedge fund

``Balkany was a "spiritual adviser" to a federal inmate who he said told him about insider trading at billionaire Steve Cohen's SAC Capital, prosecutors said. The rabbi then demanded money from the fund or he'd tell the inmate to tell the feds about the trades. He even went as far as to contact the U.S. Attorney's office in Manhattan to get prosecutors to talk to the inmate.''