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Alleged SAC Insider Trader Was Expelled From Harvard Law For Grade Falsification

Tyler Durden's picture





 

The Wolf of Wall Street would be proud. Mathew Martoma, the alleged SAC Capital trader at the center of the largest insider trading scheme ever, was, Dealbook reports, expelled from Harvard Law School in 1999 for a false transcript of his grades. While Mr. Martoma's lawyer tried to keep court papers under cover, a summary on the court docketing system shows the judge ordered them unsealed. "Veritas" indeed...

 

Via Dealbook,

Mathew Martoma, the former SAC Capital Advisors trader charged with carrying out one of the largest insider trading schemes ever, was expelled from Harvard Law School in 1999 for creating a false transcript of his grades, a person briefed on the matter said on Thursday.

 

Mr. Martoma’s lawyer had sought to keep evidence of the grade tampering under wraps but the judge presiding over the former hedge fund trader’s insider trading trial on Thursday ordered court papers discussing his expulsion to be unsealed.

 

...

 

But a summary on the court docketing system known as a Pacer said the unsealed court papers will discuss a law school disciplinary proceeding involving Mr. Martoma. There was no mention in the summary of Mr. Martoma’s expulsion from law school or what the disciplinary matter involved.

 

The disclosure comes as a jury is being selected in Mr. Martoma’s trial.

"Veritas" indeed...


 


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Thu, 01/09/2014 - 14:40 | Link to Comment Colonel Klink
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Color me fucking shocked! -_-

Thu, 01/09/2014 - 14:41 | Link to Comment john39
john39's picture

the cream always rises to the top... 

Thu, 01/09/2014 - 14:43 | Link to Comment Colonel Klink
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So does the most fettid shit.  Just look at our government and banking sectors.

Thu, 01/09/2014 - 14:52 | Link to Comment john39
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we live in an inverted reality.  war is peace, ignorance strength....  in short, in times of darkness, the worst among us achieve material success.   

Thu, 01/09/2014 - 14:54 | Link to Comment Xibalba
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He's not a regulator yet? Maybe they'll fast track him directly to politcs.

Thu, 01/09/2014 - 14:56 | Link to Comment Colonel Klink
Colonel Klink's picture

Give him time, he'll be boning up in prison.

Thu, 01/09/2014 - 15:02 | Link to Comment Dr. Engali
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Boning up in prison should put him on the fast track  to be one of Zero's aides....That is if reggie will allow it.

Thu, 01/09/2014 - 15:04 | Link to Comment Colonel Klink
Colonel Klink's picture

You sir got the joke, and know how the system works.  I'm sure when he first starts he'll be bringing up the rear.

<voice from off camera>  A little higher!

Thu, 01/09/2014 - 15:31 | Link to Comment Manthong
Manthong's picture

Harvard: “Minting Thieves Since 1636”

Thu, 01/09/2014 - 18:12 | Link to Comment Papasmurf
Papasmurf's picture

the cream always rises to the top...

So does fatty stool.

Thu, 01/09/2014 - 14:44 | Link to Comment Freddie
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What about Obama's sealed records and transcripts?

Thu, 01/09/2014 - 14:46 | Link to Comment SAT 800
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it's now called, "transparency in government"; he said so in his campaign; so they couldn't be sealed. must be a clerical error.

Thu, 01/09/2014 - 14:45 | Link to Comment SAT 800
SAT 800's picture

Colour you black, then you can be an affirmative action studient, like Obumbler, and you don't have to falsify anything; they do it for you.

Thu, 01/09/2014 - 14:40 | Link to Comment JLee2027
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Just wait. Hollywood will make a movie out of this yet.

Thu, 01/09/2014 - 14:55 | Link to Comment Xibalba
Xibalba's picture

They did.  It's called Idiocracy

Thu, 01/09/2014 - 14:40 | Link to Comment The Gooch
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Wikkid smaht.

Thu, 01/09/2014 - 16:40 | Link to Comment Emergency Ward
Emergency Ward's picture

Ted Kennedy is that you?

Thu, 01/09/2014 - 14:40 | Link to Comment ebworthen
ebworthen's picture

Harvard expels people for that? 

I thought they graduated them for it?

Thu, 01/09/2014 - 14:45 | Link to Comment replaceme
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You have to write an apology in the form of a building on campus of their choosing.  Comma.

Thu, 01/09/2014 - 15:16 | Link to Comment Stuck on Zero
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Correct.  And if you're successful enough they'll give you an honorary degree.

 

Thu, 01/09/2014 - 16:41 | Link to Comment Emergency Ward
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It helps to have a last name like "Kennedy".

Thu, 01/09/2014 - 15:57 | Link to Comment El Vaquero
El Vaquero's picture

They expel people for getting caught.  You either have to bribe people and do it out in the open, or not get caught.  They're training for a budding career in banking. 

Thu, 01/09/2014 - 21:52 | Link to Comment HardAssets
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He sounds like GS or JPM material . . . and definitely sounds worthy of being a member of the bar association

Thu, 01/09/2014 - 14:42 | Link to Comment The Proletariat
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He sounds like the perfect candidate for government.

Thu, 01/09/2014 - 14:43 | Link to Comment Colonel Klink
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Haaaavard must have dropped the 'Non' from the first part of that red shield.

Thu, 01/09/2014 - 15:37 | Link to Comment NIHILIST CIPHER
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The name Rothschild also means red sheild ....... never trust anything red. Some rednecks excluded however. Anyway, when did honesty count for anything with "the club".

Thu, 01/09/2014 - 15:51 | Link to Comment Colonel Klink
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LOL, thanks for the tip.  Therein was the whole joke to the comment.

Thu, 01/09/2014 - 14:44 | Link to Comment Magnix
Magnix's picture

dumb are getting dumber these days to get away with it.

Thu, 01/09/2014 - 14:46 | Link to Comment IridiumRebel
IridiumRebel's picture

"Yes, it says here that you're a lying, cheating piece of shit who would kick his mother's dog to make a buck. You sound like a great fit for the firm! Welcome aboard!"

Thu, 01/09/2014 - 17:14 | Link to Comment Emergency Ward
Emergency Ward's picture

....a stepping stone toward public office!

Thu, 01/09/2014 - 14:46 | Link to Comment RaceToTheBottom
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He will be back as a guest teacher at Harvard any day now.

Thu, 01/09/2014 - 14:49 | Link to Comment Dr. Engali
Dr. Engali's picture

It's funny that a judge orders a traders college records be unsealed but the president of the U.S.S.A....now that's a different story. I guess that's one of the benefits of being a traitor over a trader.

Thu, 01/09/2014 - 14:50 | Link to Comment Colonel Klink
Colonel Klink's picture

The judge probably got "the knock"!

Thu, 01/09/2014 - 14:48 | Link to Comment the not so migh...
the not so mighty maximiza's picture

what a loser to get caught

Thu, 01/09/2014 - 15:01 | Link to Comment Grande Tetons
Grande Tetons's picture

I was wondering how he got caught. Did Harvard have some sort of after the fact audit on a random basis? Or, did he fuck himself but shooting off his mouth. I am going to go with the latter. 

Thu, 01/09/2014 - 14:50 | Link to Comment SmittyinLA
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Obama was smart enough to NOT present any documentation 

Thu, 01/09/2014 - 14:52 | Link to Comment Colonel Klink
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Except his burth certiphicate.  Honest it's real, just like his SSN.

Thu, 01/09/2014 - 16:14 | Link to Comment NIHILIST CIPHER
NIHILIST CIPHER's picture

KLINK          You would think at least one of Zero's 38 SSN would be real. I would like to have moar SSN's too so I could get enough checks coming in to retire. 

Thu, 01/09/2014 - 16:18 | Link to Comment Colonel Klink
Colonel Klink's picture

Nothing surprises me anymore coming out of this potemkin president.

Thu, 01/09/2014 - 15:01 | Link to Comment DOGGONE
DOGGONE's picture

This story makes the following easily credible ...

Real asset price histories show bubbles very well.
Real Homes, Real Dow
http://www.showrealhist.com/RHandRD.html
But these histories are rarely shown to the people — what do you call this?
I call it “The Establishment are conpersons first.”

Thu, 01/09/2014 - 15:06 | Link to Comment Colonel Klink
Colonel Klink's picture

"Jurors in the trial of alleged insider trader Mathew Martoma, the former SAC Capital portfolio manager, won’t learn that he fainted when FBI agents told him that he was under investigation or that he was later fired from the once-$14 billion hedge fund."

Hahaha, probably because he couldn't believe a Wall street banker was being investigated!

Thu, 01/09/2014 - 15:29 | Link to Comment Zymurguy
Zymurguy's picture

Should be appointed to a czar position any moment now...

Thu, 01/09/2014 - 15:47 | Link to Comment zipit
zipit's picture

What a surprise, another sociopath coming out of the Ivy League.

Thu, 01/09/2014 - 15:55 | Link to Comment Duude
Duude's picture

And yet Obama wasn't expelled over his false foreign exchange student transcript. For those questioning why he would enter Columbia and Harvard as a foreign exchange student need to look into the differing entrance requirements for foreign exchange students versus US citizens.  Universities want a "diverse" student body. 

Thu, 01/09/2014 - 16:23 | Link to Comment OurManFlint
OurManFlint's picture

The douchebag eventually got an MBA from Stanford.

Thu, 01/09/2014 - 19:32 | Link to Comment Izznogood
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