Mathew Martoma

Told you I was good for it.Courtesy of Big Steve and your friends at SAC Capital Advisors Point72 Asset Management, via the SEC and the federal courts. Read more »

  • 21 Oct 2014 at 12:59 PM

Mathew Martoma Still Going To Jail

martomaUnfortunately for the ex-SAC PM, a judge was unswayed by the defense team’s promise to reveal heretofore unknown details re: its client’s innocence. Read more »

  • 16 Oct 2014 at 12:38 PM

Ill-Gotten Gain Watch ’14: Mrs. Martoma

Rosemary, wife of ex-SAC PM Mathew, wants the Feds to keep their mitts off 50% of the marital assets. Read more »

As you’ve probably heard, yesterday afternoon Mathew Martoma née Thomas was sentenced to 9 years in prison for orchestrating “the most lucrative insider trading scheme ever” during his time at SAC Capital. Understandably upset and perhaps having also read the civil complaint in which their son’s boss was identified as “Portfolio Manager A,” mom and dad had this to say:

Speaking on the sidewalk outside the old federal courthouse in Lower Manhattan, Mr. Martoma’s parents said he had been wrongly convicted. The couple asked why Mr. Martoma’s former boss, Steven A. Cohen, the billionaire investor who founded SAC, was not also charged with insider trading if their son had done something wrong.

And also:

“…the man who made all the money is on a yacht, my son is going to jail.”

While there is obviously a touch of bias involved here, these statements seem relatively reasonable, whereas the arguments offered for why Martoma/Thomas was found guilty… Read more »

Mathew Martoma, he of the “most lucrative insider-trading scheme in history” Martomas, is going to jail for a while, though for less time than the government wanted. Read more »

  • 05 Sep 2014 at 1:42 PM

Mathew Martoma Is Still Going To Jail

Despite his lawyer’s arguments that 1) The government’s key witness can’t be trusted and 2) That whole business with the fake Harvard Law transcripts made him look bad in the eyes of the jury. Read more »

According to Dealbook, the government wants 8+. As previously discussed, Martoma and his lawyers do not want a sentence even approaching that length of time, and have so far put forth the argument that it should be a lot fewer years because the ex-trader employee was only responsible for $49 million out of the $276 million SAC Capital made based on inside information about Elan and Wyeth. Read more »