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Former SAC Cap Manager Martoma Pleads Not Guilty

Jan 03, 2013
Jing Chen

Former SAC Capital portfolio manager Mathew Martoma has pleaded not guilty to insider trading charges at his arraignment Thursday.

The Associated Press reported that Martoma, who was arrested in November, remains free on bail.

According to a previous eVestment article, prosecutors accused Martoma of persuading a medical professor to leak confidential information from an Alzheimer’s disease drug trial that helped him earned $276 million.

Martoma is the fourth person associated with Steve Cohen’s SAC Capital to be arrested on insider trading charges in the last four years.

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