SAC Capital Advisors e-mails and other documents found on 'newly discovered' backup tapes from 2007 and 2008 were turned over to a former fund manager accused of insider trading, his lawyer said.
Prosecutors in Manhattan on Thursday filed a revised indictment of Mathew Martoma, the former SAC Capital portfolio manager charged last November with illegal trading of two drug stocks in what was billed as the largest insider trading case in U.S. history.
Former SAC Capital Advisors portfolio manager Mathew Martoma is scheduled to go on trial November 4 on charges he helped the hedge fund founded by Steven A. Cohen make $276m using illegal tips about a drug to treat Alzheimer’s disease.
Mathew Martoma, the former SAC Capital Advisors portfolio manager charged in what prosecutors called the biggest insider trading scheme in history, pleaded not guilty to criminal charges.
Mathew Martoma, a former portfolio manager at SAC Capital Advisors LP, was indicted for an alleged $276 million insider trade.
The insider-trading indictment of ex-SAC Capital Advisors LP portfolio manager Mathew Martoma sets in motion a criminal trial process that puts new pressure on him to cooperate with the government’s investigation of the hedge- fund firm founded by billionaire Steven Cohen.
FOX Business Network (FBN) senior correspondent Charlie Gasparino reports that government officials are trying to get former SAC Capital portfolio manager Mathew Martoma 'to flip against' the fund company’s founder Steve Cohen on insider trading allegations.
Sid Gilman, the University of Michigan neurologist linked to an insider trading case, has resigned his university position.
Phillipp Villhauer was the head trader at SAC Capital Advisors LP who allegedly helped the firm founded by Steven A. Cohen make $276m on trades that led to the arrest of an ex-hedge fund manager for insider-trading, according to two people familiar with the matter.
Facing perhaps its toughest moment yet in the U.S. government's insider-trading probe, SAC Capital will host a special investor call Wednesday morning to field questions about the recently-unveiled federal case against former trader Mathew Martoma, say two people familiar with the matter.