When prosecutors announced the case against Mathew Martoma in November 2012, they said it may be the most lucrative insider trading scheme of all time.
A jury will not hear about how a former hedge fund manager fainted in front of his Florida mansion when federal agents showed up to talk about his alleged involvement in insider trading.
Just as the Manhattan jury handed its verdict sheet to the judge Wednesday, the former hedge fund manager fainted on the defense table.
Federal authorities in New York City announced the criminal charges against SAC Capital Advisors on Thursday. SAC is charged with wire fraud and four counts of securities fraud, but owner Steven Cohen is not charged.
A senior portfolio manager for one of the nation’s largest hedge funds was arrested Friday, accused of making $1.4 million illegally in a widening insider trading probe involving an investment company founded by billionaire businessman Steven A. Cohen.