Mathew Martoma is a former hedge fund portfolio manager who was convicted of insider trading in one of the largest insider trading cases in history. He was born on January 17, 1974, and graduated from Duke University with a degree in biology. Martoma then went on to attend Stanford University, where he earned a law degree and an MBA.
In 2006, Martoma joined the hedge fund company SAC Capital Advisors, which was founded by billionaire investor Steven Cohen. Martoma quickly rose through the ranks at SAC and became one of the firm's top portfolio managers.
In 2012, Martoma was arrested and charged with insider trading for allegedly using illegally obtained information to make trades in two pharmaceutical companies that resulted in profits of over $275 million. He was convicted of insider trading in 2014 and sentenced to nine years in prison, making it one of the longest sentences ever given for insider trading.
Martoma's case drew significant attention due to the size of the profits involved and the high-profile nature of the hedge fund industry. He has since appealed his conviction, but as of now, he remains in prison serving his sentence.
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