Tags: Harvard Law School, insider-trading, Mathew Martoma, reunions, SAC Capital, so that's nice for them, transcripts
“1999: ARLO DEVLIN-BROWN Law ’99 writes that you never know where you’ll run into a classmate. He is prosecuting MATHEW MARTOMA (nee Thomas) ’99* on insider trading charges in Lower Manhattan. Devlin-Brown has asked U.S. District Judge Paul Gardephe (unfortunately Penn ’79, Columbia ’82) for permission to talk about Matt’s expulsion from Harvard for doctoring his transcript, so get ready for fireworks! The trial is expected to last several weeks, so for anyone who missed WILLIAM PULLMAN and Lisa Frank’s (Yale ’03, NYU Law ’08, NYU Stern ’08) Christmas Eve nuptials, it would be a great opportunity for a mini-reunion!”
In May 1999, on the stately campus of Harvard Law School, Mathew Martoma was facing expulsion for doctoring his grades in the hopes of securing a coveted judicial clerkship. That same month, Arlo Devlin-Brown was preparing to graduate from the school on his way to one such clerkship. Fifteen years later, the classmates are having something of a reunion in Federal District Court in Lower Manhattan, though there is not much to celebrate. Mr. Devlin-Brown is prosecuting Mr. Martoma, who went on to become a trader at SAC Capital Advisors, on criminal insider trading charges. Mr. Martoma, who went by the name Ajai Mathew Thomas at Harvard, is accused of using secret drug trial information to help SAC avoid losses and gain profits of $276 million.
In Insider Case, Harvard Classmates on Different Sides of the Court [Dealbook]
Earlier: Behold The Dazzling Array Of Lies Mathew Martoma (née Thomas) Told Before Getting Expelled From Harvard Law School