Saturday, December 22, 2012

Martoma indicted by grand jury




According to a report in the NY Post Federal prosecutors yesterday lost one opportunity to build a case against hedge fund manager Steven A. Cohen when a grand jury indicted one of Cohen’s former employees on charges related to an insider trading scheme, severely reducing the possibility he would cooperate as a witness against Cohen.

The grand jury returned an indictment against Mathew Martoma, a former portfolio manager at CR Intrinsic Investors, one of SAC Capital Management’s funds, in what prosecutors have called the “most lucrative” insider trading scheme ever…..

http://www.nypost.com/p/news/business/martoma_indicted_by_grand_jury_Ko2d7GtHFe2P5wKG9Q2y1L

No comments:

Post a Comment