A jury convicted former SAC Capital Advisors manager Mathew Martoma on the most lucrative insider-trading scheme ever.
He held meetings with a neurologist to gain inside information on an experimental Alzheimer's drug.
By 2008, the fund sold million of shares of Elan, and Wyeth. It also profited by shorting the stock. He got a bonus 9.3 million on the deal.
Years earlier, Mathew Martoma forged a Harvard transcript (B+ to A), falsified an email, and created a dummy forensic computing company to try to cover his tracks. He was expelled from Law school. Then he changed his name.
He was convicted by twelve juror of ordinary people. Ironic
“ the deceitfulness of riches choke the word, and it proves unfruitful.”
Just a thought.
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