Friday, January 4, 2013

Ex-hedgie Martoma stands firm vs. feds

Hedge-fund titan Steve Cohen must be breathing a little easier, the NY Post reports. Six weeks after Mathew Martoma, a former portfolio manager at Cohen’s SAC Capital Advisors, was arrested by FBI agents and charged with insider trading, the mid-level exec is still set against cooperating with prosecutors.

Martoma’s lawyer said as much yesterday when asked by reporters if the 38-year-old trader was seeking a plea deal.

The FBI has been trying to flip Martoma since he was arrested outside his Boca Raton, Fla., estate on Nov. 20.  Flanked yesterday by his pediatrician wife, Rosemary, Martoma pleaded not guilty to charges he profited in the most lucrative insider-trading case ever….

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