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…..
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