Enter multiple symbols separated by commas

Accused insider trader Martoma worked at SAC Capital affiliate

NEW YORK (Reuters) - The former hedge fund manager accused of a $250 million insider trading scheme worked for some time for SAC Capital, according to sources who confirmed his employment history with Reuters on Tuesday.

Mathew Martoma, who has been charged with trading on inside information on some drug companies, worked at CR Intrinsic Investors, a unit of SAC.

His lawyer was not immediately available for comment.

(Reporting By Emily Flitter; Editing by Gerald E. McCormick)

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Jac Jagaciak

    One of Victoria's Secret's newest "angels," Monika "Jac" Jagaciak, talks about what it's like to be a lingerie model and her craziest shoot.

  • Jessica Alba

    The actress' company got burned after consumers came out in droves, saying the company's sunscreen doesn't provide much sun protection at all.

  • hitchBOT

    A friendly robot built to study whether machines could trust humans managed to hike across Canada - only to be trashed when it got to U.S.

U.S. Video