Trader loses degree from Stanford

Graduation

Mathew Martoma, the former SAC Capital Advisors trader convicted of insider trading in February, can no longer say he has a degree from Stanford Graduate School of Business.

The New York Times reports that in January, just as Martoma’s insider trial was getting underway, Stanford had confirmed that Martoma graduated from university with a master’s degree in business administration in 2003. But on Wednesday, a Stanford official said that Martoma no longer had a degree from the university.

Barbara Buell, a Stanford spokeswoman, said she could not discuss the change in degree status for Martoma, citing federal privacy laws. But Ms. Buell said that as a general policy, Stanford is vigilant in policing the integrity of its admission procedures.

'Stanford’s policy provides it can revoke an offer of acceptance and a degree, if it was found that an individual gained admission through false pretenses', she said.

To access the complete New York Times article hit the link below:

Convicted SAC Trader Loses His Business School Degree

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