Mathew Martoma Will Be Unable To Make The SAC Capital Holiday Party This Year

Former SAC Capital Advisors LP portfolio manager Mathew Martoma, charged in what prosecutors called the biggest-ever insider trading case, appeared in federal court in New York…He was arrested at his Boca Raton, Florida, home Nov. 20 and freed on $5 million bond. He appeared today before U.S. Magistrate Judge James Cott in Manhattan. The defense and prosecution today agreed to a modified bail package under which the $5 million bond must be secured by $2 million in cash or property, as well as signatures from three instead of two financially responsible people. Martoma has surrendered his and his children’s travel documents. He’s limited to Florida, Massachusetts, New Jersey and parts of New York. [Bloomberg]

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32 Responses to “Mathew Martoma Will Be Unable To Make The SAC Capital Holiday Party This Year”

  1. Beamer's says:

    Strike "Martoma, Matthew" from the mailing list, please.

  2. Guest says:

    Judge Cott further denied the defendant's request to put up two Zamboni machines in lieu of the $2 million in cash or property.

  3. Jon Corzine says:

    Well, he's always welcome here for the holidays. PATH is almost up and running, anyway.

  4. guest says:

    cool, so he is restricted to the hurricane zones. hoping for natural causes?

  5. DingALing says:

    He should have tried using $2M worth of trading tips as leverage

  6. gambler says:

    what's the over/under this guy sings?

  7. Greenwich says:

    First they came for hedge fund manager number 2….

  8. PermaGuestII says:

    Ironic the guy was arrested in a place named "Rat Hole" in Spanish.

    Also ironic that place is for some reason posh.

  9. guest says:

    For better or worse, he got caught doing what every other fund that invests in biotech companies does. Unfortunately for Martoma, he happens to work for Stevie Cohen, whom the feds have been dying to take down for years.

  10. EQ in Dallas says:

    My crystal ball shows a rapidly rising prosecutor and a future client number 10… it's human nature.

  11. guest says:

    If Stevie was a fat sweaty Sri Lankan, I'm pretty sure he would've been named by name in the case.

    -Raj R

  12. Guest says:

    But he didn't have to surrender his hockey skates, what do you mean he won't make the party?!

  13. Butner LOMPOC Warden says:

    Well we do a very nice little dewali celebration for our new indian wing down here.

  14. Swiss Hedge says:

    zey schould moof here, vee hev weri gud faculaties in Zuerich end lo tax.
    Vot yoo do ist nun ef oor bizinez zo long ez yoo kip qwiett.

  15. Chacha says:

    Looks like the prosecutor, Pareet Barara, who is of Indian origin, is after insider traders of similar background– Raj Gupta, Rajaratnam ( Sri Lanka), and now Martoma!