GASPARINO: How To Nail Stevie Cohen
From The Daily Bail
November 21, 2012 - 12:46pm
Feds pressure Martoma to flip on Steven Cohen.
Charlie Gasparino and former FBI special agent Mark Rossini break down the details of the most lucrative insider-trading case in U.S. history.
A former portfolio manager for Steven A. Cohen’s SAC Capital Advisors was charged with what U.S. prosecutors called a record-setting insider-trading scheme that netted as much as $276 million for the hedge fund.
Mathew Martoma, 38, traded on inside tips about clinical trials of bapineuzumab, a drug intended to treat Alzheimer’s disease, prosecutors in the office of Manhattan U.S. Attorney Preet Bharara said in a criminal complaint unsealed today. The U.S. Securities and Exchange Commission sued Martoma, his former hedge fund and the doctor who allegedly passed him the tips.
Martoma allegedly advised Cohen to sell shares of Wyeth LLC (PFE) and&nb...
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