Reuters - Video

EDITION: U.S. | U.K. | IN

Business

Another ex-SAC manager found guilty

Thursday, Feb 06, 2014 - 00:37

Feb 6 - Former SAC Capital portfolio manager Matthew Martoma was convicted of insider trading. Conway G. Gittens reports.

▲ Hide Transcript

View Transcript

Notch up another one in favor of the government in a crackdown on Wall Street. Former SAC Capital fund manager Matthew Martoma - found guilty in the most lucrative insider trading scheme in U.S. history. Martoma was convicted on all three charges of conspiracy and securities fraud believed to have netted $275 million. This is the eighth guilty verdict tied to billionaire Steven A. Cohen's $14 billion hedge fund. The reputation of the hedge fund and its founder has been tarnished greatly by the government's decade long investigation into unlawful activity.

Another ex-SAC manager found guilty

Thursday, Feb 06, 2014 - 00:37

Top News »

The Exchange »

Moving Pictures »