Mathew Martoma and the Largest Insider Trading Case

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A powerful black and white portrait of a bald man with tattoos, covering his mouth with his hands.
Credit: pexels.com, A powerful black and white portrait of a bald man with tattoos, covering his mouth with his hands.

Mathew Martoma was convicted of insider trading in 2014. He was found guilty of making over $9 million in illegal profits.

Martoma's case was significant because it involved a scheme to obtain confidential information about two pharmaceutical companies. This information was used to trade on their stocks before the information was publicly disclosed.

The case was brought by the US Department of Justice and the Securities and Exchange Commission. They alleged that Martoma and his co-conspirators had obtained confidential information from a medical professor.

Mathew Martoma Trial

Mathew Martoma's trial was a highly publicized event that captivated the attention of many in the financial world.

The trial began on January 9, 2014, in the United States District Court for the Southern District of New York. A jury of seven women and five men was selected to evaluate the evidence in a courtroom presided by U.S. District Judge Paul Gardephe.

Martoma was found guilty on all charges on February 6, 2014. He was sentenced to 9 years in prison on September 8, 2014.

A divided panel of the United States Court of Appeals for the Second Circuit upheld the conviction in August 2017.

The Mother of All Insider Trading Cases

Credit: youtube.com, Professor Explains Martoma Insider Trading Case

Mathew Martoma was a former portfolio manager for billionaire Steven A. Cohen.

Martoma engineered the most lucrative single insider-trading scheme ever, which is a remarkable and concerning feat.

He was convicted of carrying out this scheme, which has been described as the biggest insider-trading case in history.

A federal appeals court denied Martoma's request to throw out his insider-trading conviction, upholding the conviction.

The US Supreme Court also rejected an appeal by Martoma, challenging a conviction for insider trading.

Court officials said Martoma may deserve a record prison term for insider trading, a request that his lawyers called “outrageous.”

Martoma has asked a federal judge to throw out his guilty verdict, seeking a do-over.

SAC Sentencing

Mathew Martoma's sentencing was a long and complicated process.

The US Supreme Court rejected his appeal challenging a conviction for insider trading.

The court's decision was a significant blow to Martoma's hopes of overturning his conviction.

He was originally scheduled to be sentenced in June 2014, but that was delayed.

Credit: youtube.com, Ex-SAC Mathew Martoma Found Guilty

The delay gave Martoma more time to prepare for his sentencing, which was eventually set for a later date.

A tough sentence was recommended by Preet Bharara, the US Attorney for Manhattan.

Martoma was ultimately sentenced to nine years in prison, a significant punishment for his crimes.

He was also ordered to pay $9.3 million in restitution.

SAC's Sentenced to 9 Years, $9.3M Fine

The Supreme Court's decision to deny Mathew Martoma's appeal was a significant blow to his efforts to overturn his conviction for insider trading.

Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen, was found guilty of insider trading and is now facing the consequences of his actions.

The sentence handed down to Martoma was nine years in prison, a harsh punishment that reflects the severity of the crime.

This sentence is a result of the largest-ever insider-trading scheme, a case that made headlines and sparked outrage among investors and regulators alike.

Martoma was also ordered to pay $9.3 million, a significant fine that will likely have a lasting impact on his finances and reputation.

Sentencing Delayed

Woman analyzing financial data and reports on a wooden desk with a laptop, showcasing analytics in a workspace.
Credit: pexels.com, Woman analyzing financial data and reports on a wooden desk with a laptop, showcasing analytics in a workspace.

Mathew Martoma, a former SAC Capital portfolio manager, has been given almost seven more weeks to ponder his fate. The original sentencing date of June 10 had been set, but it's now been delayed.

The delay in sentencing gives Martoma more time to consider his options and prepare for the consequences of his actions. His lawyers will likely use this time to argue for a more lenient sentence.

Martoma was convicted of carrying out the most profitable insider trading scheme ever, and his lawyers have called the potential prison term "outrageous." This suggests that they're planning to argue for a reduced sentence.

The US Attorney for Manhattan, Preet Bharara, is pushing for a tough sentence, recommending one of 8-plus years in prison. This is a significant increase from the original sentence, which has been delayed.

The delay in sentencing is a common occurrence in high-profile cases like Martoma's. It allows the parties involved to gather more information and prepare for the next steps in the process.

Preet Bharara

Credit: youtube.com, Former Hedge Fund Portfolio Manager Charged for $276M Alzheimer's Drug Trial Insider Trading Scheme

Preet Bharara is the US Attorney for Manhattan who is seeking a tough sentence for Mathew Martoma.

He's looking for a sentence of 8-plus years for Martoma, who was convicted of the largest-ever insider trading crime.

Preet Bharara has a record of convictions in insider trading cases, with Martoma being the latest one to bite the dust.

New Notch for Preet

Preet Bharara's record in his insider trading cases is impressive, with another conviction under his belt. Mathew Martoma, a former SAC Capital Advisor portfolio manager, was found guilty of insider trading.

Martoma's case was significant, as it involved the most lucrative insider trading scheme in history. He is serving nine years in prison.

Bharara's success in these cases is a testament to his dedication to fighting financial crimes.

Preet Bharara Sentenced to 8+ Years

Preet Bharara was looking for a tough sentence for former SAC Capital portfolio manager Mathew Martoma.

Martoma was convicted of the largest-ever insider trading crime.

The US Attorney for Manhattan, Preet Bharara, recommended an 8-plus year sentence for Martoma.

This was a significant case in Bharara's career as a prosecutor.

Ex-SAC Manager Seeks to Overturn Guilty Verdict

Credit: youtube.com, Mathew Martoma Found Guilty of Insider Trading

Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen, is serving nine years in prison for carrying out the most lucrative insider trading scheme in history.

Martoma has been trying to overturn his conviction, but so far, he hasn't had much luck. A federal appeals court on Wednesday denied his request to throw out his insider-trading conviction.

The former SAC Capital portfolio manager has asked a federal judge to throw out his guilty verdict, citing a new tack to overturn his conviction. This is not the first time Martoma has tried to appeal his conviction.

Mathew Martoma wants a do-over, and he's asking a judge to throw out his guilty verdict. The Supreme Court on Monday rejected an appeal by Martoma challenging a conviction for insider trading.

Sentencing and Fines

Mathew Martoma was sentenced to nine years in prison for his role in the largest-ever insider-trading scheme.

The sentence was handed down by a Manhattan federal judge.

He was also ordered to pay a significant fine of $9.3 million.

Martoma's sentencing was originally scheduled for June 10, but it was delayed.

Rosemary Seeks Half of Husband's Earnings

Credit: youtube.com, Martoma Sentenced to Nine Years: What Happens Next?

Rosemary Martoma, the wife of Mathew Martoma, was involved in a divorce case where she sought half of her husband's earnings. She was granted a large sum of money in the divorce settlement.

Mathew Martoma's wife, Rosemary, was awarded a significant amount of money, reportedly $10 million, in their divorce settlement.

News and Media

Mathew Martoma's case was highly publicized in the media.

He was convicted of insider trading in 2014 and sentenced to 9 years in prison.

The SEC accused Martoma of making $9.3 million in illegal profits.

The case against Martoma was led by the SEC and the US Attorney's Office for the Southern District of New York.

Martoma's lawyer argued that the government's case was built on flawed assumptions about his client's guilt.

The trial lasted for several weeks, with both sides presenting their cases.

Victoria Funk

Junior Writer

Victoria Funk is a talented writer with a keen eye for investigative journalism. With a passion for uncovering the truth, she has made a name for herself in the industry by tackling complex and often overlooked topics. Her in-depth articles on "Banking Scandals" have sparked important conversations and shed light on the need for greater financial transparency.

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