Monday, January 7, 2013


Mathew Martoma was formally arraigned on Thursday January 3rd in Manhattan Federal Court. The case is assigned to Judge Gardephe. Martoma stood and stated "not guilty your honor" while his lawyer Charles Stillman of Tyco fame stood beside him.  His wife was seated behind him in a white silky blouse and near by was reporter Patty Hurtado of Bloomberg News taking notes. Here is her story about the case:
Mathew Martoma Bloomberg news story

At Martoma's first appearance Mike Daly formerly of the Daily News and now the Daily Beast, wrote an insightful article about Martoma case and how Steve Cohen is similar in some ways to the Teflon Don, John Gotti, former head of the Gambino Crime family.

Story link
Mike Daly on Mathew Martoma

This is an interesting excerpt from the Daly story.

Martoma’s name was Ajai Mathew Mariamdani Thomas until 2001, when he followed the example of his father, who had changed his own name from Thomas to Martoma two years before. A more profound change seems to have taken place in the young man who wrote two papers about medical ethics at Harvard Law and served for a time as deputy director of the Office of Genome Ethics at the National Human Genome Research Institute in Bethesda, Md. He then decided to translate his interest in bioscience into profit, proceeding from Stanford Business to a small Boston hedge fund and finally to the monster money machine, Cohen’s SAC, in 2006. SAC has averaged a 30 percent return since it was founded in 1992.

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