Former hedge fund manager charged with $250 mln insider trades
NEW YORK Nov 20 (Reuters) - U.S. prosecutors in New York announced insider trading charges on Tuesday against Mathew Martoma, a former hedge fund manager.
The prosecutors said the case is thought to be the most lucrative insider trading scheme ever found, with illicit gains from the trades totaling more than $250 million.
The insider tips focused on drug companies.
- Ukraine seeks to join NATO; defiant Putin compares Kiev to Nazis |
- California passes 'yes-means-yes' campus sexual assault bill
- In town halls, U.S. lawmakers hear voter anger over illegal migrants |
- IBM launches Watson system for research, hopes for breakthroughs
- Family of instructor killed at Arizona gun range does not blame girl