The Traderszone Network

Published in TZ Latest News 8 September, 2014 by The TZ Newswire Staff

SAC’s Martoma gets 9 years prison for record insider trading scheme

Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history.