Jurors in Manhattan have reached a guilty verdict in the insider-trading trial of Mathew Martoma, the former SAC Capital Advisors LP portfolio manager accused of insider trading. The jury said Martoma used inside tips on trades that earned SAC $275 million. [WSJ, earlier]

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Comments (58)

  1. Posted by Guest | February 6, 2014 at 2:29 PM

    No!!!! Really?!?!

  2. Posted by HighFrequencyHater | February 6, 2014 at 2:30 PM

    Calling it at 8.5 years, price is right rules.

  3. Posted by Guest | February 6, 2014 at 2:31 PM

    Kudos to them for adding a little suspense by making the deliberations last longer than a day and asking for evidence that the Post interpreted as possibly being positive for the defendant. Made me start second guessing…

  4. Posted by Master Preet | February 6, 2014 at 2:33 PM

    80-0, son.

  5. Posted by Guest | February 6, 2014 at 2:33 PM

    Mine. Any more behind it?

  6. Posted by East End boi | February 6, 2014 at 2:34 PM

    I'm not your son, mate.

  7. Posted by CNBC sucks | February 6, 2014 at 2:35 PM

    Hey CNBC – how come the news hasn't reached you yet?? who you need to call – a trader in the pit? Kramer? Icahn??

    worthless …

  8. Posted by That Guy | February 6, 2014 at 2:37 PM

    8 years 5 months

  9. Posted by McKloogle | February 6, 2014 at 2:40 PM

    Fuckin home run, Chippah!

  10. Posted by PermaGuestII | February 6, 2014 at 2:44 PM

    Ask not for whom the bell tolls, Stevie; it tolls for you.

  11. Posted by Guest | February 6, 2014 at 2:45 PM

    I'm not your guy buddy!

  12. Posted by Guest | February 6, 2014 at 2:45 PM

    The late great Levine has covered this; http://dealbreaker.com/2011/09/how-much-time-in-j

    Guessing ~15 years?

  13. Posted by Guest | February 6, 2014 at 2:46 PM

    u already counting Stevie as 80?

  14. Posted by libor insider | February 6, 2014 at 2:47 PM

    done for you, big boy

  15. Posted by Guest | February 6, 2014 at 2:49 PM

    Mine

  16. Posted by Guest | February 6, 2014 at 2:52 PM

    Yours Matty. Please settle the paper with That Guy and transfer my net to bitcoin….

  17. Posted by Lamp | February 6, 2014 at 2:53 PM

    Thanks O'Stevie!

  18. Posted by Guest | February 6, 2014 at 2:54 PM

    The good news is that he doesn't have to pay out Martoma's astronomical legal fees…. or would he take the risk of Martoma singing if he didn't pay the legal bill?

  19. Posted by Vonteno | February 6, 2014 at 2:55 PM

    If he has any decency left he should perform an enema on his shit canal for his new cellmate.

  20. Posted by Guest | February 6, 2014 at 2:56 PM

    Stevie was right. Martoma was a one hit wonder. The best trade he could have done was to cooperate yet he took to low odds to roll the hearing dice.

  21. Posted by Guest | February 6, 2014 at 2:58 PM

    Martoma is free on bail until sentencing? Really? Now which passport name have the Feds confiscated? Jay Chase? Matt? Ajai? Would like to see the complete list.

  22. Posted by You Know Who | February 6, 2014 at 2:59 PM

    Remember the Omerta.

  23. Posted by Guest | February 6, 2014 at 2:59 PM

    When do the jurors find out about Harvard Law/Circuit Court internships?

  24. Posted by PermaGuestII | February 6, 2014 at 3:01 PM

    Uncle Sam is going to offer little Mattie a choice here: sing long, loud and clear, and spend 3-4 years hangin' with Bernie in NC; or, remain silent– and see the outside of a prison wall again in the year 2037 or so.

  25. Posted by HighFrequencyHater | February 6, 2014 at 3:03 PM

    I see what you did there

  26. Posted by Guest | February 6, 2014 at 3:08 PM

    RBC?

  27. Posted by Guest | February 6, 2014 at 3:09 PM

    Another proud beneficiary of the H1B1 program.

  28. Posted by GlassHalfFull | February 6, 2014 at 3:13 PM

    In related news, Martoma made it on BB mvp list. Yay.

  29. Posted by Guest | February 6, 2014 at 3:17 PM

    *thee

    - UBS Hemingway Quant

  30. Posted by The Desk | February 6, 2014 at 3:25 PM

    right, but it's never exactly been hard to shake you out of a position.

  31. Posted by BobBarkerFan | February 6, 2014 at 3:25 PM

    One dollar!

  32. Posted by TLTC | February 6, 2014 at 3:28 PM

    They say they are reluctant to do that because of his history of fabrication and falsifying things. Makes for a poor witness. That's a quote from a source at the DA.

  33. Posted by Feds | February 6, 2014 at 3:29 PM

    No shit uh ? Presumably has a bracelet and location parameters.

  34. Posted by Guest | February 6, 2014 at 3:42 PM

    Stevie, probably already got him a Puerto Rican passport.

  35. Posted by Guest | February 6, 2014 at 3:42 PM

    Well, he's going to have to find some way to kill the next few years while in the big house.

    Does Harvard give correspondence classes?

  36. Posted by Guest | February 6, 2014 at 3:44 PM

    Harvard Law 1 – Harvard Law 1

  37. Posted by PermaGuestII | February 6, 2014 at 3:54 PM

    Poseur.

    -J. Donne

  38. Posted by Guest | February 6, 2014 at 3:55 PM

    Call me crazy but probably should go with 8 years 7 months

  39. Posted by Guest | February 6, 2014 at 4:01 PM

    Waiting for Marissa Mayer to appoint him as the next COO.

  40. Posted by El Alarmalista | February 6, 2014 at 4:12 PM

    I'm not your chico, jefe!

  41. Posted by Index Gas Submitter | February 6, 2014 at 4:14 PM

    Are you saying someone might tell a lie to get a better deal for himself?

  42. Posted by Futures | February 6, 2014 at 4:28 PM

    I can tell you first hand that compliance frowns on accounts for people trading from prison.

    Presumably for margin calls though it was never made clear.

  43. Posted by repost worthy | February 6, 2014 at 4:36 PM

    "Whenever there is a great disaster there always seems to be a Harvard man in the middle of it" — Thomas Sowell

  44. Posted by Drunk Ernest | February 6, 2014 at 4:37 PM

    Hey! …..Fuckers. I swiped a lot of ideas from John Donne including that title. It came from Johnny's Meditation 17: "No man is an island, intire of it selfe; every man is a peece of the Continent, a part of the maine; if a Clod bee washed away by the Sea, Europe is the lesse, as well as if a Promontorie were, as well as if a Mannor of thy friends or of thine owne were; any mans death diminishes me, because I am involved in Mankinde; And therefore never send to know for whom the bell tolls; It tolls for thee.. I'd be standing there naked, after sharpening 25 pencils before trying to write ONE TRUE FUCKING SENTENCE and get it going but sometimes it just didn't happen. The damn bellhops at the Ambos-Mundos are surly and respond to their title when called with "The last belle I hopped was your sister, Papa!"That results in a laugh like that of the maid when I pulled the wrong handle thinking I was flushing the French toilet but instead I pilled the damn skylight down on my head! I had just taken Florette and "broke her open like a $9 dollar shotgun" and had spent the better part of the Alsatian afternoon using her in that way for my own gratification, fulfilling the analogy of "driving her to Dallas" that went along with the description of the aforementioned weapon, and while pounding away upon her in the fashion the English refer to as the "doggy-style", like the bombs falling in Segovia, I was silently humming the cannonade from The 1812 Overture and in my mind I was singing, "This is the cereal that's shot from guns!!" as in the popular jingle albeit not as odd as the ones the bearers sang while walking up Kilimanjaro and surely no lion would come near us with all that native catter-walling and so I reached for a pencil; a Faber#2, that when sharpened could kill the Marlin, he who leaps from the watery abyss, slick and shiny like an Aggie petroleum engineer coming out of "Asian Tan" at 3 am, mentally replaying his happy ending as the late flights of Southwest scram in over Bachman Lake where the Harry Hines belles toil for thee.

  45. Posted by Harlem rap quant | February 6, 2014 at 4:39 PM

    18 months? Please. That ain't facing time, I'm stressed anyways, need it for vacation time

  46. Posted by gab | February 6, 2014 at 4:46 PM

    That may actually be the only intelligent thing that half-wit has ever said.

  47. Posted by Guest | February 6, 2014 at 4:46 PM

    Isn't it usually Indian guys who do the raping?

  48. Posted by SnoozeBC | February 6, 2014 at 4:49 PM

    Tonight on Kudlow Report:

    Was Obama a personal friend of Martoma. Were they continent buddies (Africa and Asia) back in early days.

  49. Posted by Laxbro | February 6, 2014 at 5:18 PM

    He'll be out in 6 months … after he forges release documents.

  50. Posted by Joel Sucher | February 6, 2014 at 5:21 PM

    At least he didn't faint…

  51. Posted by Guest | February 6, 2014 at 5:35 PM

    Cocaine is a hell of a drug.

  52. Posted by guest | February 6, 2014 at 5:37 PM

    made me chuckle.

  53. Posted by guest | February 6, 2014 at 5:38 PM

    hey! but yeah, basically.

    -kudlow

  54. Posted by Guest | February 6, 2014 at 5:57 PM

    Really shocked to hear an Indian guy turned out to be a film flam man.

    -Nobody who has done any work in Asia

  55. Posted by Ajai | February 7, 2014 at 8:05 AM

    I was just trying to impress my parents.

  56. Posted by Guasto | February 7, 2014 at 10:41 AM

    you can always tell a harvard man – you just can't tell him much.

  57. Posted by Raj Ratman | February 7, 2014 at 4:04 PM

    I'm your daddy now bitch.

  58. Posted by Pennies? | February 8, 2014 at 1:31 PM

    How much of the $275m that SAC made off Martoma did the US govt claw back?