"The Most Lucrative Insider Trading Scheme In U.S. History"
"Mathew Martoma and his hedge fund benefitted from what might be the most lucrative insider tip of all time."
Martoma worked for SAC's Stevie Cohen.
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Manhattan U.S. Attorney Preet Bharara, Robert Khuzami, director of the Securities and Exchange Commission's Division of Enforcement and other officials speak at a news conference in New York to review charges against Mathew Martoma, a former portfolio manager for Steven A. Cohen’s SAC Capital Advisors LP, for an insider-trading scheme that netted as much as $276 million for the hedge fund. Prosecutors charged Martoma with trading on insider tips about clinical trials of bapineuzumab, a drug to treat Alzheimer’s diesease. Martoma, 38, is accused of advising Cohen to sell shares of Wyeth LLC and Elan Corp. before bad news about the drug’s prospects was announced.
Full details:
GASPARINO: How To Nail Stevie Cohen
The home of Mathew Martoma stands in the Royal Palm development in Boca Raton.
Mar 28, 2013 at 6:13 PM
Reader Comments (12)
So this guy is the scrificial lamb. Why arn't the principals arrested and charged? The guys at the top never get touched. And this is different from the Mafia how?
I voted for Cynthia McKinney, and more recently, the later Green, whose name escapes me at this time.
There will be no prosecutions until America takes back the electoral process. It looks like we will have to see several members of the Ministry of Unnatural Acts and congress tried in a court of law for treason, and hung by the neck until dead to see which faction of the military is authentically patriotic and not in the military to dress alike, take showers together, and worship the Bush cabal. Eric 'The Holder' Holder was chosen to ease Bush41 safely out of the dope business. See Daniel Hopsicker's book 'Barry and the Boys'. Photos of L.H. Oswald, Bush41's #1 cocaine pilot, JFK hit team members, all in the same Civil Air Patrol unit in 1958. The founder of this Civil Air Patrol owned the Texas Book Depository when JFK was shot from it and he did his defense department contracts at the same tiny airstrip that 6 of the 9-11 'hijackers' trained at and where Jeb Bush keeps his commuter plane. Homework time.
# 3 howie, well, he is half way there.
Dearborn knows how to do it.
And again howie is right but we must regain control through peaceful means lest we slide the ride with THEM
She went to jail for insider trading that amounted to a pisshole in the snow compared to what goes on everyday with the washhington/wall st crime syndicate
This country has become such a f'cking joke
You need to have a pool where we can guess on a date of the true collapse of the "f'ucking joke" U.S.
Wonder how long any country can survive without the rule of law? We may find out?
I appreciate it when members of the armed forces who I have never met in my life track me down to walk up to me on the street and tell me to keep on insulting these swine. I have been assured with hearty laughs that these FEMA camps, although meant for people like me, are no threat to me. The average American adult is the sick, guilty, wretchedly stupid mewling son of a bitch with regards to the recent shortcomings of our country. So many have suffered and died to preserve this, the most elegant form of delineated law and cooperation yet offered up to facilitate the freedom of considerate people. It takes a special type of Gerbilwitz to want to screw this up in favor of forced servitude to morons like the British royal family and the Rothschild central bank and the Bush cabal. Read jimstonefreelance.com or 'The Fukushima 50 v. the Dimona Dozen' and the PROOF that no 9.1 earthquake hit Japan to cause the Fukushima disaster. Whoever coordinated that attack goes down in history as the most stupid piece of genetic slag of all time. This entity now rules the biggest military on earth because of the assholes in America who think and behave as brine shrimp in a 'Sea Monkey' farm and vote like they take a shidt behind a tree on a camping trip. The system works fine. Mass media pop culture intentionally sets the bar WAY too low, and inferior minds are more than willing to take that route which barely lifts them up above moving about on all fours. Watch 'pop idols' Justin Bieber or Lady Gaga losing it and puking on stage while the lip-sync tracks role on. I am trying to be charitable here.
http://www.economicpolicyjournal.com/2016/09/hot-dnc-leak-shows-strong-i...
Matt Forney writes, "I’ve obtained evidence via Wikileaks’ recent DNC leak that the Democratic Party may have been engaging in insider trading, which is illegal."
Forney goes on:
In the recent DNC leak, there is a folder labeled “CNBC,” containing three files with information on stocks and equities.
I consulted a financial expert on the stock info and here’s what he initially said:
Okay, so it looks like the data is based on earnings plays. The DNC or someone at the DNC is making stock trades based on earnings dates… for some stocks that are highly risky. Could be signs of insider trading. The equities file seems to be what they are holding long term...
My contact also pointed out that Smith and Wesson was on the stock list, implying that the DNC sought to make money off of Obama’s gun control policies:
They were even in Smith and Wesson. Obama introduced gun control laws that July prior to earnings. Gun control equals increased gun sales based on what I’ve seen historically. Increased sales equals increased earnings.
My contact summed it all up by saying that the stock spreadsheets look like insider trading:...