(New York Times) A federal appeals panel upheld on Wednesday the insider trading conviction of Mathew Martoma, a former portfolio manager for Steven A. Cohen, in what prosecutors once called the most lucrative insider trading scheme of all time. Lawyers for Mr. Martoma, who is serving a nine-year prison sentence, had argued, in light of a recent ruling by the Supreme Court, that the jury in the trial had not been properly instructed and that the evidence the government presented was not sufficient to support a conviction.
Mathew Martoma’s Insider Trading Conviction Is Upheld
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