Indian-origin hedge fund manager indicted in insider trading
December 26, 2012  14:24
Indian-origin hedge fund portfolio manager Mathew Martoma has been indicted in one of the "most lucrative" insider trading schemes ever involving USD 276 million and will be arraigned in a court here next month. Martoma, 38, was arrested last month at his home in Boca Raton, Florida, on charges of using material, non-public information he received from a doctor on the clinical trial of an Alzheimer's disease drug to make profits and avoid losses for his hedge fund in an amount totaling USD 276 million.
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