Martoma won't turn, so SAC in the clear?

If Raj got 11 years for making $90m, what is Martoma facing? You'd think he'd tell the Feds whatever they want to hear, true or not, given the sentence he's facing.

Plus he's got no allegiance to Stevie, right? They paid him big, but then he got fired a few years ago.

The timing makes it appear as though the Feds had this strong case against Martoma for some time. They've been trying to get him to turn on Stevie, but now they've come to the conclusion that it's not going to happen, so they'll charge Martoma and throw him away.

Thoughts? Start a "how many years will Martoma get" pool?

I'll go with 18.

 

SAC looks like its in the clear according to the WSJ article. Even if Martoma did turn, I don't think they could get legitimate dirt on him.

Interesting note, that those who have plead guilty have face "little to no time in prison".

Fear is the greatest motivator. Motivation is what it takes to find profit.
 

The Feds are licking their chops to get at Steve and SAC. They won't get him via Martoma - but don't be surprised if these investigations keep up. Getting an insider case to stick against a guy like Cohen is the prosecutorial equivalent of engineering and closing the biggest M&A deal in a decade. I don't think they are letting up anytime soon.

On Martoma - I think he gets less than 10 (but not by much). The headline number of $276mm is huge, but I imagine his lawyers will successfully argue that the real number is lower.

 

Several high profile insider trading investigations and numerous stock manipulation investigations, a straight L/S equity fund that has delivered 30%+ year after year, and a focus on healthcare and technology stocks (big surprise).

But the smug little charlatan will probably retire before they can nail him.

 

He gamed the system his whole life. Kicked out of Harvard for changing his transcript from Bs to As then creating a fake forensic company to claim it wasn't him. Changed his name and lied his way into Stanford's MBA program. Then commits the largest insider trading case ever. He'll probably be out of jail in 5 years either by escaping and changing his identity or early release for some reason.

Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
 
yeahright:

He gamed the system his whole life. Kicked out of Harvard for changing his transcript from Bs to As then creating a fake forensic company to claim it wasn't him. Changed his name and lied his way into Stanford's MBA program. Then commits the largest insider trading case ever. He'll probably be out of jail in 5 years either by escaping and changing his identity or early release for some reason.

That's probably why SAC hired him, immediately spotted the talent. How to ace the SAC interview: tell them about a time you cheated and avoided detection
 

Sit ea neque corrupti. Sit ipsam maxime sit reprehenderit et ex. Ratione ut et aut quidem.

Career Advancement Opportunities

March 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

March 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

March 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

March 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”