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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 | 4316130 Colonel Klink
Colonel Klink's picture

Color me fucking shocked! -_-

Thu, 01/09/2014 - 14:41 | 4316138 john39
john39's picture

the cream always rises to the top... 

Thu, 01/09/2014 - 14:43 | 4316148 Colonel Klink
Colonel Klink's picture

So does the most fettid shit.  Just look at our government and banking sectors.

Thu, 01/09/2014 - 14:52 | 4316189 john39
john39's picture

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 | 4316193 Xibalba
Xibalba's picture

He's not a regulator yet? Maybe they'll fast track him directly to politcs.

Thu, 01/09/2014 - 14:56 | 4316206 Colonel Klink
Colonel Klink's picture

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

Thu, 01/09/2014 - 15:02 | 4316224 Dr. Engali
Dr. Engali's picture

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 | 4316229 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 | 4316327 Manthong
Manthong's picture

Harvard: “Minting Thieves Since 1636”

Thu, 01/09/2014 - 18:12 | 4317143 Papasmurf
Papasmurf's picture

the cream always rises to the top...

So does fatty stool.

Thu, 01/09/2014 - 14:44 | 4316150 Freddie
Freddie's picture

What about Obama's sealed records and transcripts?

Thu, 01/09/2014 - 14:46 | 4316159 SAT 800
SAT 800's picture

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 | 4316156 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 | 4316133 JLee2027
JLee2027's picture

Just wait. Hollywood will make a movie out of this yet.

Thu, 01/09/2014 - 14:55 | 4316201 Xibalba
Xibalba's picture

They did.  It's called Idiocracy

Thu, 01/09/2014 - 14:40 | 4316134 The Gooch
The Gooch's picture

Wikkid smaht.

Thu, 01/09/2014 - 16:40 | 4316226 Emergency Ward
Emergency Ward's picture

Ted Kennedy is that you?

Thu, 01/09/2014 - 14:40 | 4316137 ebworthen
ebworthen's picture

Harvard expels people for that? 

I thought they graduated them for it?

Thu, 01/09/2014 - 14:45 | 4316157 replaceme
replaceme's picture

You have to write an apology in the form of a building on campus of their choosing.  Comma.

Thu, 01/09/2014 - 15:16 | 4316269 Stuck on Zero
Stuck on Zero's picture

Correct.  And if you're successful enough they'll give you an honorary degree.


Thu, 01/09/2014 - 16:41 | 4316744 Emergency Ward
Emergency Ward's picture

It helps to have a last name like "Kennedy".

Thu, 01/09/2014 - 15:57 | 4316497 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 | 4317901 HardAssets
HardAssets's picture

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 | 4316141 The Proletariat
The Proletariat's picture

He sounds like the perfect candidate for government.

Thu, 01/09/2014 - 14:43 | 4316144 Colonel Klink
Colonel Klink's picture

Haaaavard must have dropped the 'Non' from the first part of that red shield.

Thu, 01/09/2014 - 15:37 | 4316338 NIHILIST CIPHER

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 | 4316456 Colonel Klink
Colonel Klink's picture

LOL, thanks for the tip.  Therein was the whole joke to the comment.

Thu, 01/09/2014 - 14:44 | 4316153 Magnix
Magnix's picture

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

Thu, 01/09/2014 - 14:46 | 4316162 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 | 4316919 Emergency Ward
Emergency Ward's picture

....a stepping stone toward public office!

Thu, 01/09/2014 - 14:46 | 4316165 RaceToTheBottom
RaceToTheBottom's picture

He will be back as a guest teacher at Harvard any day now.

Thu, 01/09/2014 - 14:49 | 4316170 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 | 4316181 Colonel Klink
Colonel Klink's picture

The judge probably got "the knock"!

Thu, 01/09/2014 - 14:48 | 4316173 the not so migh...
the not so mighty maximiza's picture

what a loser to get caught

Thu, 01/09/2014 - 15:01 | 4316219 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 | 4316176 SmittyinLA
SmittyinLA's picture

Obama was smart enough to NOT present any documentation 

Thu, 01/09/2014 - 14:52 | 4316186 Colonel Klink
Colonel Klink's picture

Except his burth certiphicate.  Honest it's real, just like his SSN.

Thu, 01/09/2014 - 16:14 | 4316594 NIHILIST CIPHER

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 | 4316610 Colonel Klink
Colonel Klink's picture

Nothing surprises me anymore coming out of this potemkin president.

Thu, 01/09/2014 - 15:01 | 4316218 DOGGONE
DOGGONE's picture

This story makes the following easily credible ...

Real asset price histories show bubbles very well.
Real Homes, Real Dow
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 | 4316221 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 | 4316315 Zymurguy
Zymurguy's picture

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

Thu, 01/09/2014 - 15:47 | 4316434 zipit
zipit's picture

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

Thu, 01/09/2014 - 15:55 | 4316481 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 | 4316631 OurManFlint
OurManFlint's picture

The douchebag eventually got an MBA from Stanford.

Thu, 01/09/2014 - 19:32 | 4317384 Izznogood
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