So, it's no surprise that his attempt at philanthropy quickly became controversial.
Using $275 million from his hedge fund gains, Cohen set up a chain of free mental health clinics across the nation for veterans to use.
On the surface, it sounds like a wonderful altruistic outreach, right.
However, as Fortune reports, one center at the University of Southern California shut down after it was alleged that the priority was given to treating "good patients" versus the sickest one such as the homeless veterans. Those pushing back on this alleged practice contend it was being used to boost the record of successful outcomes.
In addition, Cohen has lobbied hard for the government to subsidize the clinics. That doesn't sound like philanthropy, does it. At least, not according to the way many understand it.
No one, of course, knows what Cohen's agenda is. But, everyone could speculate. This bit of good deeds could be to help rebrand him after the insider trading scandal as one of the good guys. Well, that doesn't seem to be happening.
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