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.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code