Published January 13, 2015
A former hedge fund portfolio manager accused of carrying out a record-setting insider trading scheme has been accused in New York of soliciting illegal inside information from doctors.
A rewritten indictment unveiled Thursday against Mathew Martoma says he pursued illegal information from doctors from 2006 to 2008 while he worked at SAC Capital Advisors. The Boca Raton, Fla., man has pleaded not guilty to conspiracy and securities fraud. He is free on bail.
Martoma was arrested in November, accused of persuading a medical professor to leak secret data from an Alzheimer's disease trial. Prosecutors say the inside information enabled other investment professionals at the hedge fund founded by Steven A. Cohen to earn a quarter-billion dollars illegally.
A message was left for Martoma's lawyer.