Tuesday, November 20, 2012

Reuters: Regulatory News: Accused insider trader Martoma worked at SAC Capital affiliate

Reuters: Regulatory News
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Accused insider trader Martoma worked at SAC Capital affiliate
Nov 20th 2012, 15:31

NEW YORK | Tue Nov 20, 2012 10:31am EST

NEW YORK Nov 20 (Reuters) - The former hedge fund manager accused of a $250 million insider trading scheme worked for some time for SAC Capital, according to sources who confirmed his employment history with Reuters on Tuesday.

Mathew Martoma, who has been charged with trading on inside information on some drug companies, worked at CR Intrinsic Investors, a unit of SAC.

His lawyer was not immediately available for comment.

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