In a first, Stanford strips Indian-origin Mathew Martoma of MBA degree

March 06, 2014 09:46

Indian-origin hedge fund portfolio manager Mathew Martoma, convicted for his role in the most lucrative insider trading scheme in the history of the United States, has been stripped of his MBA degree by the prestigious Stanford business school.

This is the first time the Stanford Graduate School of Business has revoked a graduate's degree.

Martoma, 39, took admission in Stanford's Graduate School of Business in 2001, after being expelled from Harvard in 1999 for allegedly doctoring his law school transcript to try to gain a federal clerkship. Martoma had even changed his name from Ajai Mathew Thomas before applying to Stanford, where no one knew that he had been expelled from Harvard.

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