And so the most lucrative insider trading case in history has just resulted in a criminal conviction.
- EX-SAC FUND MANAGER MARTOMA FOUND GUILTY OF INSIDER TRADING
- MARTOMA CHARGED IN MOST LUCRATIVE INSIDER SCAM IN U.S. HISTORY
- EX-SAC FUND MANAGER MARTOMA FOUND GUILTY ON ALL CHARGES
- MARTOMA ACCUSED OF ILLEGAL TRADES TIED TO ALZHEIMER'S DRUG
Hopefully Steve Cohen's alleged hush money which bought Martoma's allegiance and silence will be worth it (and still there upon release) to make Martoma's stay in Federal pound me in the ass prison - up to 25 years - more pleasurable.
And some tweets from the regulators:
Bharara: Martoma bought the answer sheet before the exam -more than once- netting $1/4B in P & L avoided for SAC & $9M bonus for him
— SDNYnews (@SDNYnews) February 6, 2014 [4]
In the short run, cheating may have been profitable for Martoma, but in the end, it made him a convicted felon
— SDNYnews (@SDNYnews) February 6, 2014 [5]