Former SAC Capital Advisors LP fund manager Mathew Martoma asked a judge to throw out his conviction in the most lucrative insider-trading scheme ever, saying prosecutors failed to make a case against him.
SAC Capital Advisors LP, the hedge- fund manager that U.S. prosecutors have called a “veritable magnet for market cheaters,” said Chief Compliance Officer Steve Kessler is stepping down at the end of the month after nine years at the firm.
Broker Alon Chadad’s client purchased a $14.3 million apartment on Manhattan’s Central Park South, then spent nine months seeking approval for plans to overhaul it. In January, the buyer changed course, listing the unit for sale at more than double what he paid just a year ago.
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.
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 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.