Mr. And Mrs. Mathew Martoma In Surprisingly Good Spirits Considering Someone's Recent Workplace Drama

Earlier today, former CR Intrinsic employee Mathew Martoma made an appearance in federal court re: the matter of his being charged with insider trading during his time with the SAC Capital unit. The hearing was merely to set the terms his bail-- lenient enough that they allow him to travel throughout Massachusetts, New Jersey, Florida, and parts of New York, though not so generous so as to allow for visits with old friends in the Nutmeg State-- with a follow up meeting with the Judge James Cott set for December 26th. Joining Mathew at the courthouse today was his wife, Rosemary, and while we expected brave faces and a united front from the couple, we didn't expect smiles and jokes for the cheap seats.
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Earlier today, former CR Intrinsic employee Mathew Martoma made an appearance in federal court re: the matter of his being charged with insider trading during his time with the SAC Capital unit. The hearing was merely to set the terms his bail-- lenient enough that they allow him to travel throughout Massachusetts, New Jersey, Florida, and parts of New York, though not so generous so as to allow for visits with old friends in the Nutmeg State-- with a follow up meeting with the Judge James Cott set for December 26th. Joining Mathew at the courthouse today was his wife, Rosemary, and while we expected brave faces and a united front from the couple, we didn't expect smiles and jokes for the cheap seats.

Before and after today's court appearance, Martoma and his wife chatted with defense lawyers, smiling. Rosemary Martoma, a pediatrician, sat straight-backed as she listened to the judge and lawyers discuss bail. At the end of the hearing, picking up their coats and bags, she joked “I’m the bag lady.”

This is America, so innocent before proven guilty and all that jazz, by which we mean Rosemary might not actually have a reason to be pissed at her husband when it comes to alleged record-setting securities violations. But, at the very least, his arrest on Tuesday presumably made things somewhat to very tense on Thursday-- particularly if they were expecting guests!-- and may or may not put somewhat of a damper on this holiday season. Standing by your man/woman/chosen recipient of love is great and all that but the quick turnaround time of less than a week from having federal agents knocking on her door in Florida to the bail hearing in New York suggests that either Rosemary Martoma is a saint or her smiles and "joke" were followed by a sharp look in her chucking husband's direction and a "Oh, is that funny to you? I'm gonna be an actual bag lady if this doesn't work out in your favor--stupid dick" muttered under her breath that only he could hear. To that end, it's highly possible this was all for the cameras and that once they were in the car someone was reminded that he is on thin ice and that, yeah, maybe it's a good idea that he just not talk at all for the rest of the ride home.

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The Feds Are Struggling To Understand Why Mathew Martoma Won't Just Turn On Steve Cohen Already, God Damn It

"We have been remarkably successful in convincing persons to cooperate with the government, and provide evidence to us, and in court of law," SEC director of enforcement Robert Khuzami said during a press conference the day the government went public with its charges of insider trading against former SAC Capital employee Mathew Martoma. To the untrained ear, Khuzami probably appeared to be speaking to no one in particular, just sending a general message to any would-be criminals out there that once the government got to their co-conspirators, it'd be all over. No one wants to do time, and everybody flips. To those who've been following Operations Perfect Hedge, though, and have watched the Feds' relentless pursuit of Steven A. Cohen,  it was obvious they were sending a clear message to the Big Guy: "We got ya boy, and ya goin' down." And since its track record of getting people to turn on their colleagues and in some cases, their best friends (see: Noah Freeman/Donald Longueuil, and these guys, and these guys, and this guy) really has been "remarkably successful," and since Martoma has a wife and two young kids and his whole life ahead of him, Khuzami and Co. probably assumed they had this one in the bag. But not so.

Attention Art Lovers And People Looking To Hedge Their Bets: Get Your Mathew Martoma Today

Geoffrey Raymond, Wall Street's artist in-residence, who's done everyone from Jimmy Cayne to Jamie Dimon to Lenny Dykstra to Ina Drew, put his paintbrush to the canvas over the weekend and came up with this: "Portrait of Mathew Martoma, In The Manner of Roy Lichtenstein," which is apparently supposed to be an homage to "Drowning Girl." As this one might become a collector's item, and animals in formaldehyde aren't going for what they used to, consider making him an offer tout de suite. Bidding starts at 10K.