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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Comments (32)

  1. Posted by Beamer's | November 26, 2012 at 2:06 PM

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

  2. Posted by Guest | November 26, 2012 at 2:21 PM

    Including the following:

    #insidertipscommittee
    #illegalstuff
    #steviepa

  3. Posted by Guest | November 26, 2012 at 2:27 PM

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

  4. Posted by Jon Corzine | November 26, 2012 at 2:38 PM

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

  5. Posted by guest | November 26, 2012 at 2:43 PM

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

  6. Posted by DingALing | November 26, 2012 at 2:46 PM

    Yea because strip clubs use hash tags for guests…

  7. Posted by DingALing | November 26, 2012 at 2:47 PM

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

  8. Posted by gambler | November 26, 2012 at 2:50 PM

    what's the over/under this guy sings?

  9. Posted by Greenwich | November 26, 2012 at 2:53 PM

    First they came for hedge fund manager number 2….

  10. Posted by PermaGuestII | November 26, 2012 at 2:54 PM

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

    Also ironic that place is for some reason posh.

  11. Posted by guest | November 26, 2012 at 3:06 PM

    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.

  12. Posted by Danny Kaye | November 26, 2012 at 3:07 PM

    I think he's positioned more as the dancer/comedic actor. But he can probably duet in a pinch.

  13. Posted by IANAL | November 26, 2012 at 3:19 PM

    I love the down-points on this comment.
    Like anyone without insider information has an "edge" trading biotechs.

  14. Posted by Motif Investments | November 26, 2012 at 3:29 PM

    Boca is mouth

  15. Posted by EQ in Dallas | November 26, 2012 at 3:31 PM

    Sings in court or sings in the prison shower?

  16. Posted by EQ in Dallas | November 26, 2012 at 3:32 PM

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

  17. Posted by guest | November 26, 2012 at 3:39 PM

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

    -Raj R

  18. Posted by Guest | November 26, 2012 at 3:41 PM

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

  19. Posted by guest | November 26, 2012 at 3:42 PM

    Hey!!

    - Martha Stewart

  20. Posted by ACLU | November 26, 2012 at 3:43 PM

    Everyone knows that the SEC is full of racistes.

  21. Posted by DingALing | November 26, 2012 at 3:45 PM

    It's actually Italian….

  22. Posted by Butner LOMPOC Warden | November 26, 2012 at 4:02 PM

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

  23. Posted by MF Bond investor | November 26, 2012 at 4:06 PM

    Where is here Jon ?….

  24. Posted by old already | November 26, 2012 at 4:07 PM

    you are not a very clever man are you

  25. Posted by Ali G | November 26, 2012 at 4:11 PM

    *racialists

  26. Posted by Broadwell | November 26, 2012 at 4:15 PM

    Hey!

  27. Posted by ACLU | November 26, 2012 at 4:49 PM

    AND YOU KNOW ITS TRUE

  28. Posted by Guest | November 27, 2012 at 12:48 AM

    Says the guy who obviously has never been on Titter.

  29. Posted by Swiss Hedge | November 27, 2012 at 6:22 AM

    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.

  30. Posted by Jon Corzine | November 27, 2012 at 7:43 AM

    745 Seventh Avenue

  31. Posted by Chacha | December 1, 2012 at 3:43 PM

    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!

  32. Posted by sohbet odalari | December 25, 2012 at 4:44 PM

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