{"id":1378,"date":"2014-01-18T17:24:50","date_gmt":"2014-01-18T17:24:50","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/01\/advisors_in_the_spotlight_exsa"},"modified":"2022-03-10T16:38:59","modified_gmt":"2022-03-10T22:38:59","slug":"advisors-in-the-spotlight-exsa","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/advisors-in-the-spotlight-exsa\/","title":{"rendered":"Advisors in the Spotlight: Ex-SAC Capital\u2019s Martoma on Trial for $276M Insider Trading Scam, Financial Industry Recruiters Say LinkedIn Hurts Their Business, &#038; A Fugitive Bank Director Wanted for Securities Fraud is Arrested"},"content":{"rendered":"<p>\t\t\t\t<strong>Former SAC Capital Portfolio Manager Mathew Martoma On Trial for Securities Fraud<\/strong><\/p>\n<p>Mathew Martoma, the ex-<a href=\"https:\/\/www.stockbroker-fraud.com\">SAC Capital Advisors<\/a> portfolio manager accused in the insider trading scam that involved $276 million in Wyeth and Elan stocks, is now on trial. Martoma allegedly used tips from a doctor involved in Alzheimer drug trials. The government says that due to the information SAC liquidated a $700 million position and sold its stocks in the firms, which allowed it to make money while avoiding losses.<\/p>\n<p>In court this week, one doctor testified that he was surprised that Martoma knew so much about the results of a clinic trial before they were publicly disclosed. Already, prosecutors have filed charges against 83 people and four SAC entities over what the US is calling the largest illegal trade in our nation&#8217;s history. There have been several convictions.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/advisors-in-the-spotlight-exsa\/\"  title=\"Continue Reading Advisors in the Spotlight: Ex-SAC Capital\u2019s Martoma on Trial for $276M Insider Trading Scam, Financial Industry Recruiters Say LinkedIn Hurts Their Business, &#038; A Fugitive Bank Director Wanted for Securities Fraud is Arrested\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former SAC Capital Portfolio Manager Mathew Martoma On Trial for Securities Fraud Mathew Martoma, the ex-SAC Capital Advisors portfolio manager accused in the insider trading scam that involved $276 million in Wyeth and Elan stocks, is now on trial. Martoma allegedly used tips from a doctor involved in Alzheimer drug trials. The government says that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3825,3741],"tags":[],"class_list":["post-1378","post","type-post","status-publish","format-standard","hentry","category-financial-advisers","category-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Advisors in the Spotlight: Ex-SAC Capital\u2019s Martoma on Trial for $276M Insider Trading Scam, Financial Industry Recruiters Say LinkedIn Hurts Their Business, &amp; A Fugitive Bank Director Wanted for Securities Fraud is Arrested &#8212; Investor Lawyers Blog &#8212; January 18, 2014<\/title>\n<meta name=\"description\" content=\"Former SAC Capital Portfolio Manager Mathew Martoma On Trial for Securities Fraud Mathew Martoma, the ex-SAC Capital Advisors portfolio manager accused in &#8212; January 18, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/advisors-in-the-spotlight-exsa\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Advisors in the Spotlight: Ex-SAC Capital\u2019s Martoma on Trial for $276M Insider Trading Scam, Financial Industry Recruiters Say LinkedIn Hurts Their Business, &amp; A Fugitive Bank Director Wanted for Securities Fraud is Arrested &#8212; Investor Lawyers Blog &#8212; January 18, 2014\" \/>\n<meta name=\"twitter:description\" content=\"Former SAC Capital Portfolio Manager Mathew Martoma On Trial for Securities Fraud Mathew Martoma, the ex-SAC Capital Advisors portfolio manager accused in &#8212; January 18, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Advisors in the Spotlight: Ex-SAC Capital\u2019s Martoma on Trial for $276M Insider Trading Scam, Financial Industry Recruiters Say LinkedIn Hurts Their Business, & A Fugitive Bank Director Wanted for Securities Fraud is Arrested &#8212; Investor Lawyers Blog &#8212; January 18, 2014","description":"Former SAC Capital Portfolio Manager Mathew Martoma On Trial for Securities Fraud Mathew Martoma, the ex-SAC Capital Advisors portfolio manager accused in &#8212; January 18, 2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/advisors-in-the-spotlight-exsa\/","twitter_card":"summary_large_image","twitter_title":"Advisors in the Spotlight: Ex-SAC Capital\u2019s Martoma on Trial for $276M Insider Trading Scam, Financial Industry Recruiters Say LinkedIn Hurts Their Business, & A Fugitive Bank Director Wanted for Securities Fraud is Arrested &#8212; 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