TheIllustratedCourtroom
Tuesday, January 6, 2015
Saturday, November 22, 2014
Wednesday, November 19, 2014
Monday, September 8, 2014
Courthouse News Service: Mathew Martoma Gets Nine Years for Inside Trading
Courthouse News Service
MANHATTAN (CN) - Neither the philanthropy, devoted fatherhood or
previously clean criminal record of former S.A.C. Capital executive
Mathew Martoma dissuaded a federal judge on Monday from sentencing him
to 9 years in prison, more time than prosecutors requested, for a $276
million inside-trading scheme involving an Alzheimer's drug.
"I
cannot and will not ignore that the gain here is hundreds of millions
more than any previous insider trading case ever seen," U.S. District
Judge Paul Gardephe said in the ceremonial courtroom, which was filled
with reporters, lawyers and Martoma's supporters.
Martoma, who
will head to federal prison in November, "cultivated corrupt
relationships" with two doctors over the course of two years, Gardephe
said.
MANHATTAN (CN) - Neither the philanthropy, devoted fatherhood or
previously clean criminal record of former S.A.C. Capital executive
Mathew Martoma dissuaded a federal judge on Monday from sentencing him
to 9 years in prison, more time than prosecutors requested, for a $276
million inside-trading scheme involving an Alzheimer's drug.
"I
cannot and will not ignore that the gain here is hundreds of millions
more than any previous insider trading case ever seen," U.S. District
Judge Paul Gardephe said in the ceremonial courtroom, which was filled
with reporters, lawyers and Martoma's supporters.
Martoma, who
will head to federal prison in November, "cultivated corrupt
relationships" with two doctors over the course of two years, Gardephe
said.
Mathew Martoma seated during sentencing, flanked by his defense team |
Judge Paul Gardephe |
Mathew Martoma standing, while being sentenced to 9 years in prison, wife seated far left. |
Sunday, August 24, 2014
Friday, May 30, 2014
Saturday, April 19, 2014
Subscribe to:
Posts (Atom)