Defense: Mathew Martoma But A Victim/Pawn/Grain of Sand/Innocent Young Man Cut Down In The Prime Of His Totally Legit Trading Career In Government's Quest For Steve Cohen

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Feb 4, 2014

Former SAC Capital Advisors LP fund manager Mathew Martoma was portrayed by his lawyer as the victim of a “rush to judgment” by prosecutors looking to use him to bring insider-trading charges against his former boss, Steven A. Cohen...“Mathew was just a grain of sand in their haste to make a case against someone who is not even in this courtroom: Mathew’s boss, Steven Cohen,” Richard Strassberg said in his closing argument yesterday in Manhattan federal court. [Bloomberg]

News

"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.

News

Defense: Mathew Martoma But A Victim/Pawn/Grain of Sand/Innocent Young Man Cut Down In The Prime Of His Totally Legit Trading Career In Government's Quest For Steve Cohen

Mathew Martoma's Parents Raise Some Good, Less Good Points

Steve Cohen Would Never Have Listened To Mathew Martoma's Advice About Stocks: Mathew Martoma's Lawyers

Mathew Martoma Calls Steve Cohen ('s 2012 Testimony) To The Stand

Jury: Mathew Martoma's Trades Of The Insider Variety

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

The Only Thing Mathew Martoma's Ex-Lawyer Has To Work On In The Run-Up To The Summer Is His Base Tan

Mathew Martoma Has No Idea What The Government Is Talking About

Mathew Martoma Will Be Unable To Make The SAC Capital Holiday Party This Year