Yesterday we learned that Mathew Martoma, on trial for orchestrating “the largest insider trading scheme in history,” got himself expelled from Harvard Law School 15 years ago for creating fake transcripts to boost his grades. Obviously, this is not a great thing to have come to light if you are about to ask a jury to believe you are an innocent man, particularly if the judge presiding over your case is going to allow the story to be included by the prosecution.

But apparently changing his Civil Procedure grade from B to A (Contracts from B+ to A; Criminal Law B to A) was but a warm up for the deluge of lies the artist formerly known as Ajai Mathew Thomas would go on to tell! The subsequent ones, courtesy of the findings of Harvard’s administrative board, included:

  • Claiming the fake transcript was only meant to be seen by his parents

Mr. Thomas asserts that he did not purposefully send the judges the altered transcript. He contends that they received it by accident. According to Mr. Thomas, he altered his transcript only for the purpose of deceiving his parents.

  • Blaming the mix up on his brother

At the end of December of in early January, Mr. Thomas’s application for a clerkship was sent to 23 judges in the United States Court of Appeals. The applications included the altered transcript. . . . Mr. Thomas has stated that it was his intention that the real transcript be sent with his applications. According to his statement, he arranged with his brother for the latter to prepare the packets of materials for mailing to each judge; his brother came across the altered transcript and, mistakenly believing that it was the real transcript, included it with the application.

  • Potentially the best lie among the lot, the one in which he said that after he was asked to interview with the judges who received the altered grades, he tried his hardest to come off as a candidate they wouldn’t want to hire…

On January 26 and 27, Mr. Thomas interviewed for a clerkship with Judge Sentelle, Judge Randolph, and Judge Ginsburg of the United States Court of Appeals for the D.C. Circuit. Mr. Thomas did not disclose to the judges that the transcript that they had received was not accurate…Mr. Thomas has stated that it was his intention, in order to avoid any harmful effect from the altered transcript, not to be offered a clerkship and that he tried not to be a successful candidate at the interviews.

  • …but damn it, they saw through his act!


Two of the three judges who interviewed Mr. Thomas thought after the interviews that he was an extremely attractive candidate for a clerkship. One judge decided to offer him a clerkship. He reported that Mr. Thomas’s conduct at the interview was consistent only with his wanting the job.

  • Also:

During the proceedings, Martoma changed the date of an email before submitting it as evidence of his innocence. He also submitted a computer forensic report about the email with the falsified date, but did not tell the disciplinary committee that the company that produced the forensic report was his creation.

SAC Defendant Was Booted From Harvard Law: A Look at the Details [Law Blog]
SAC’s Martoma tried to cover up fraud at Harvard, documents show [Reuters]

Earlier: Disgraced SAC Capital Trader Once Disgraced Harvard Law Student

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Comments (60)

  1. Posted by Guest | January 10, 2014 at 1:19 PM

    And that ain't the half of it– eg-

    A man named Stephen K. Chan[his partner in the computer forensic company used to perpetuate his lies] pleaded guilty to conspiracy and mail fraud in a case in 2001. Chan admitted to defrauding banks, including G.E. Capital Corp, according to court records. He was sentenced to more than four years in prison and ordered to pay $12.6 million in restitution.
    http://www.bloomberg.com/news/2014-01-10/ex-sac-s

  2. Posted by Guest | January 10, 2014 at 1:23 PM

    Press should have a field day with this. When do they get access to this[from bberg]:

    "Harvard held four days of hearings, recorded in more than 550 pages of transcript and a day of videotaped testimony, Strassberg said in court papers. The proof included “highly sensitive information about Mr. Martoma’s personal and family circumstances, including medical and mental health matters,” he said. "

  3. Posted by PippyLongSausage | January 10, 2014 at 1:24 PM

    Lol this is great. This guy could not and would not accept failure of any kind and it ended up screwing him over down the road.

    Guys like these don't live by handshakes and bro-codes. It's evident by his crazy story he concocted about his brother mailing the fake letters to the judges and even starting a computer forensics company after the saga in order to clean up his name.

    Up until this article I felt somewhat bad for Martoma.

  4. Posted by guest | January 10, 2014 at 1:26 PM

    Why would the press care about that?

  5. Posted by Sam | January 10, 2014 at 1:29 PM

    Too clever by half. Also psychopath.

  6. Posted by HighFrequencyHater | January 10, 2014 at 1:35 PM

    Heh I'm thinking something like "hey it wasn't me" or "I didn't know I couldn't do that" would work better than the defense story presented.

    ~guy that thinks though his lies

  7. Posted by Guest | January 10, 2014 at 1:38 PM

    Deport to where? Michigan, where he was born?

  8. Posted by S.Money | January 10, 2014 at 1:42 PM

    Cause I heard Sammy the Bull lamps in Miami with pull.

  9. Posted by Wanna Fight? | January 10, 2014 at 2:13 PM

    Sure! Michigan is nothing but white trash with chin straps. You know what they say: Everyone in Michigan has got a gay uncle. That's pure Michigan.

  10. Posted by Guest | January 10, 2014 at 1:44 PM

    Whatever amazing trail of stupidity he's created, he's still golden to plead out. Let's see if he's got half a brain left.

  11. Posted by Guest | January 10, 2014 at 1:46 PM

    Stevie's probably revelling at the disclosure. The Feds' nearest witness to him with the impeachable reputation of dishonest and fraud. How was Stevie supposed to know?

  12. Posted by Whoops | January 10, 2014 at 1:51 PM

    Did anyone while reading this start humming the song by Shaggy, "it wasn't me."

    –but she caught me banging in the bathroom. "it wasn't me"

  13. Posted by Shaz's beard | January 10, 2014 at 1:57 PM

    Martoma should have learned some basic copy/paste tricks from the Shazzmatazz and none of this would have happened.

  14. Posted by Martoma's Computer | January 10, 2014 at 1:58 PM

    First!

    (1/10/2014 13:09:00)

  15. Posted by Brilliant Mind | January 10, 2014 at 2:04 PM

    A for effort

  16. Posted by he is old. | January 10, 2014 at 2:04 PM

    I thought hls only did pass fail.

  17. Posted by guest | January 10, 2014 at 2:12 PM

    From the looks of this, there is also an EpicFail option

  18. Posted by Guest | January 10, 2014 at 2:13 PM

    Is that a HLS A or Martoma/Thomas A? Can we get a polygraph here?

  19. Posted by Steve Chan | January 10, 2014 at 2:29 PM

    It checks out

  20. Posted by SMU Secure | January 10, 2014 at 2:32 PM

    Stay classy NYC.

  21. Posted by Bored Guest | January 10, 2014 at 2:35 PM

    Was that wrong? I gotta tell ya, if'd known that that kind of thing was frowned upon…

  22. Posted by Guest | January 10, 2014 at 2:40 PM

    Did he apply for a clerkship at Southern District of NY's office?

  23. Posted by Alt_EST | January 10, 2014 at 2:45 PM

    Navigate to Google Search Bar, input "texas fraud" or "texas crime", depress Enter key, shut mouth.

  24. Posted by Steven A. Cohen | January 10, 2014 at 2:58 PM

    Why would need this article to feel bad for such a scumbag? I feel somewhat bad for your complete lack of intelligence and ability to judge personal character.

  25. Posted by [email protected] | January 10, 2014 at 3:00 PM

    Navigate to Google Search Bar, input "texas fraud" or "texas crime", depress Enter key, take relative's dick out of your mouth, shut mouth

    There. Fixed it for you.

  26. Posted by Guest | January 10, 2014 at 3:02 PM

    I'm wondering what fake documents he gave Cohen during his SAC interview process? Or does Cohen admire the moxie of a 20-something applicant who gets expelled from school and legally changes his name?

  27. Posted by Guest | January 10, 2014 at 3:05 PM

    Expelled from law school -> trader at SAC in 1 year = failing up

  28. Posted by Guest | January 10, 2014 at 3:07 PM

    I'd wager a large amount of money he got into Harvard Law with phony transcripts.

  29. Posted by Wanna Fight? | January 10, 2014 at 3:09 PM

    Baby dick will do that to you.

  30. Posted by Tiger Mom | January 10, 2014 at 3:11 PM

    you are wrong. he's the real "triple package" [pre-order your audio book now] . the feelings of superiority, insecurity and impulse control, which push their children to do better in America than others in terms of income, test scores and occupational status, was clearly imparted on him.

  31. Posted by guestation period | January 10, 2014 at 3:11 PM

    Wait, what?

    -Mahatma Gandhi

  32. Posted by Guest | January 10, 2014 at 3:11 PM

    SAC Capital: Sunny hedge fund for shady people.

  33. Posted by Backpacking Europe | January 10, 2014 at 3:15 PM

    SAC interviewer: "So what were you doing around 1998 and 1999?"

    Martoma: "Ummmmm…traveling."

    SAC: "Fun. So here's our offer…"

  34. Posted by Guest | January 10, 2014 at 3:21 PM

    Indian and other Asian student study groups > Frat house test banks

  35. Posted by Guest | January 10, 2014 at 3:24 PM

    Part of me wants to believe he told Cohen the Harvard/clerk story after a few too many hot toddies at the SAC Holiday Party. Cohen wasn't upset, he actually thought it was awesome that he almost pulled it off.

  36. Posted by truth.org | January 10, 2014 at 3:25 PM

    SAC money >>>>>>>> Biglaw associate dough

  37. Posted by Mahatma Cohen | January 10, 2014 at 3:28 PM

    As an Indian American who worked on Wall Street in the 90's….I am not surprised. 99% of the Indians I met on Wall Street were psychopaths…No clue the difference between right and wrong and they would slaughter baby puppies for an extra buck….

  38. Posted by Guest | January 10, 2014 at 3:32 PM

    Talking to yourself again?

  39. Posted by guest | January 10, 2014 at 3:42 PM

    Didn't he enter Stanford's MBA program shortly after this?

    How did Stanford accept him? He wouldn't have had a degree and possibly this story to tell

    Also, Harvard reportedly refuses to even acknowledge his attendance when asked about all this

  40. Posted by Guest | January 10, 2014 at 3:59 PM

    Are you inferring a leopard rarely changes his stripes and he…conned his way into Harvard just the same as he conned his way into Stanford?

  41. Posted by Party Naked | January 10, 2014 at 4:25 PM

    Bess w/ 34c > w/34a

  42. Posted by Bored Guest | January 10, 2014 at 4:31 PM

    Slaughtering baby puppies only costs a buck?

    - UBS Baby Puppy Slaughter Quant, etc.

  43. Posted by Guest | January 10, 2014 at 4:53 PM

    I'm too lazy to look up his undergrad but he very likely conned his way into an Ivy by falsifying transcripts, paying a relative to take SAT (it was SO easy in the 90's), etc. So top undergrad, top 3 law school, top 3 b school, almost a top clerkship, top hedge fund all off lies. This guy was a regular Dicaprio in catch me if you can. I would pre order the shit out of his memoir.

  44. Posted by guest | January 10, 2014 at 5:00 PM

    My modeling shows some very fluffy and cute tails w/a 65% chance of hip displasia

    ex-LEH Baby Puppy Slaughter Qunat

  45. Posted by guest | January 10, 2014 at 5:10 PM

    I hate to ruin the surprise, but to take a wild guess at the "family circumstances": Geological pressure for ever more "success" placed on their son by 1st or 2nd gen south asian immigrant parents. (Which does not excuse the behavior at all).

  46. Posted by Jim Cramer | January 10, 2014 at 5:16 PM

    I went to Harvard Law. Didn't help.

  47. Posted by St. Copious | January 10, 2014 at 5:17 PM

    Wtf do you mean he wouldn't have had a degree? He wouldn't have had a LAW degree, which last I checked, is not a pre-req for b school. Simple story: I started law school *at harvard* but it wasn't for me. Not only would Stanford assume he is qualified, since he got into HLS, but they'd have no way of learning that he got kicked out rather than dropped out. Most schools only disclose very basic information. Attendance and graduation. That's it.

  48. Posted by guest | January 10, 2014 at 5:38 PM

    I'd wager an even larger amount of money that he told people he dropped out of HLS and they revealed nothing to the contrary until a federal subpoena came along. Standard operating procedure for almost any university.

  49. Posted by Messingw/Texas | January 10, 2014 at 5:40 PM

    Look idiot, we know the difference between Houston and Dallas, and that's the same state. Can't you distinguish between Boston and New York?

  50. Posted by Guest | January 10, 2014 at 7:00 PM

    Every college application has "have you ever been disciplined at a previous institution." Did he change his name before or after applying to Stanford? I assume before. Therefore I seriously doubt Harvard Law was ever disclosed to Stanford or anyone new in his life moving forward — as it sounds like the sole motive for the name change. He prob fabricated some bullshit job in India during those two years. Nobody drops out of Harvard law, they have practically a 100pc grad rate. And if you wanted an MBA you'd go JD/MBA, obviously. Claiming to have ever been at Harvard law would raise red flags, so he did everything he could to bury that part of his life. The same fraudulent template he used to get into Harvard law was done to get into Stanford business school, under a new name.

  51. Posted by Red flag | January 10, 2014 at 7:15 PM

    Lots of people drop out of Harvard law midway through 2L…….

  52. Posted by christofurio | January 10, 2014 at 7:39 PM

    "but did not tell the disciplinary committee that the company that produced the forensic report was his creation."

    Why would that even be their busy-ness. I mean … come on. Cut a brother some slack.

  53. Posted by Para | January 10, 2014 at 7:44 PM

    Compassionate judges end up being exploited

  54. Posted by MacCBOE | January 10, 2014 at 10:25 PM

    Sociopath is the correct diagnosis

  55. Posted by Shaggy | January 11, 2014 at 5:50 PM

    "It wasn't me"
    –Shaggy

  56. Posted by D13 | January 12, 2014 at 2:05 AM

    Why so serious? Brah.

  57. Posted by Guest | January 12, 2014 at 11:16 AM

    I think Stevie's closer to this…

  58. Posted by NY hata | January 12, 2014 at 11:30 AM

    I'm a native NYer who believes that moving to TX was one of the best decisions I've ever made. I'm your natural audience… and even *I* had to give you a thumbs-down

  59. Posted by DesiBandar | January 12, 2014 at 1:38 PM

    +1 for the toddies reference

  60. Posted by Guest | January 12, 2014 at 7:58 PM

    Cause Stamford didn't know about what was going on at Harvard. What am I missing?