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...