Martoma by the Numbers
This week a jury in the U.S. District Court for the Southern District of New York rendered a guilty verdict against the former SAC portfolio manager on two counts of securities fraud and one count of conspiracy to commit securities fraud in the case of United States v. Martoma (12-CR-00973). Below are several interesting facts and figures from the case.
0 – Number of recorded / wiretapped conversations introduced at trial by the prosecution.
1 – Number of successful motions in limine by defendant seeking to exclude evidence that he had fainted when first approached by FBI agents who sought to discuss with him allegations of insider trading.
0 – Number of trades actually alleged to have been effectuated by the defendant himself.
2 – Number of defense expert witnesses that testified that the alleged non-public information at issue was not material and/or already in the marketplace, and thus in fact public.
15/3 – Number of total hours/days that the jury deliberated.