Former SAC Capital Advisors LP fund manager Mathew Martoma, who was found guilty Feb. 6 in the most lucrative insider-trading scheme ever, is scheduled to be sentenced June 10 and may face as many as 20 years in prison.
Former SAC Capital Advisors LP fund manager Mathew Martoma was found guilty in the most lucrative insider-trading scheme ever as federal prosecutors racked up a seventh conviction in their six-year probe of the hedge fund and its billionaire founder, Steven A. Cohen.
The search to find which aides to New Jersey Governor Chris Christie ordered traffic jams at the George Washington Bridge, and why, is drawing top lawyers experienced in prosecuting or defending politicians, mobsters and the insider trader with the longest U.S. prison term.
Every dawn in the early spring of 2011, Matthew Kluger peered out his window, wondering when federal agents would knock at his door. Kluger, a mergers-and- acquisitions lawyer, says he worried that authorities were closing in on him as the source of illegal tips in a three-man insider-trading ring that had eluded detection for 17 years.
Matthew Kluger, a former lawyer who spearheaded a 17-year insider-trading scheme, must serve his 12- year prison term, the longest ever in such a case, an appeals court said in denying his bid for a new sentence.
Attorney Matthew Kluger, admitting to helping fuel an insider-trading scheme that prosecutors said generated $37 million in illegal profits, pleaded guilty to stealing corporate merger tips from four law firms.
Matthew Kluger, the former lawyer who last year received the longest prison sentence imposed in an insider-trading case, didn’t deserve the 12-year term, his lawyer told the U.S. Appeals Court in Philadelphia.
Attorney Matthew Kluger was sentenced to 12 years in prison for insider trading, the longest term ever imposed for that crime and one that exceeds the 11 years given last year to Galleon Group LLC co-founder Raj Rajaratnam.
Attorney Matthew Kluger was sentenced to a 12-year prison term that is the longest ever imposed for insider-trading, exceeding the 11-year sentence given Galleon Group LLC co-founder Raj Rajaratnam last year.