Mathew Martoma Got a Lot of E-Mails

So his lawyer gets 90 more days to read them.
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So his lawyer gets 90 more days to read them.

Stillman said he has received at least 17,000 pages of evidence from the government in recent days. He held up a folder he estimated to be about six inches thick, which he said represented the number of e-mails Martoma exchanged and received in a single day of work at SAC’s CR Intrinsic Investors in Stamford, Connecticut.

Martoma Judge Grants Defense Time to Review U.S. Evidence [Bloomberg]
Martoma Defense Gets More Time [WSJ]
Former SAC Trader Gets More Time to Prepare Defense [DealBook]

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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.

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.