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Mathew Martoma

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  • SAC's Martoma gets nine years prison for insider trading

    NEW YORK (Reuters) - Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history.
  • Portfolio manager to forfeit Boca mansion

    Portfolio manager Mathew Martoma will have to give up his family's $2 million Boca Raton mansion as part of his sentence for being part of what prosecutors called "the most lucrative insider trading scheme ever charged." Martoma, 40, was sentenced...

    Insider traders in U.S. face longer prison terms, Reuters analysis shows

    NEW YORK (Reuters) - U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said. The trend...

    Cohen, Point72 must face SAC insider trading lawsuit-judge

    NEW YORK (Reuters) - A federal judge rejected billionaire investor Steven A. Cohen's bid to dismiss lawsuits by Elan Corp and Wyeth shareholders who claimed they lost money because his firm SAC Capital Advisors LP conducted insider trading in the...

    SAC agrees to plead guilty to insider trading

    NEW YORK — Steven A. Cohen faces what could be an end to his career as one of Wall Street's most profitable money men after his hedge fund agreed to plead guilty to charges of criminal insider trading. SAC Capital Advisors becomes the first...