From Bloomberg: Former SAC Capital Advisors LP fund manager Mathew Martoma’s arrest came six years after he set upon a path that has led him to a choice: one between a trial that may land him in prison for decades, or a deal to implicate others, possibly including SAC founder Steven A. Cohen.
Martoma, 38, used illegal tips to help SAC make $276 million
on shares of pharmaceutical companies Elan Corp. and Wyeth LLC, according to
the Justice Department and the Securities and Exchange Commission. Arrested
last week, he is to appear today in Manhattan federal court for masterminding
what the U.S. calls the most lucrative insider-trading case ever....
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