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Insider trading trial puts SAC hedge fund under further pressure

Guardian – A trial starting this week over what US prosecutors say is the most lucrative insider trading scheme ever is expected to bring further pressure on Steven A Cohen, the founder of the SAC Capital Advisors hedge fund.

Mathew Martoma, a former employee of SAC Capital, is accused of orchestrating a $276m (£168m) scam that illegally profited from insider knowledge on a new Alzheimer’s drug. He has pleaded not guilty.

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