Indian American Martoma found guilty of insider trading scam, faces 45 years in jail
 

 

Indian American Martoma found guilty of insider trading scam, faces 45 years in jail

New Delhi,7th Februry,2014: A Manhattan jury on Thursday convicted Indian American portfolio manager Mathew Martoma of insider trading in a case described as the most lucrative scam ever busted.His firm, the once-iconic-but-now-defunct hedge fund SAC Capital made approximately $275 million in profits and avoided loses based on insider information obtained by him.The trade earned him a one-time bonus of $9 million.

 


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