Guardian – A trial starting this week over what US prosecutors say is the most lucrative insider trading scheme ever is expected to bring further pressure on Steven A Cohen, the founder of the SAC Capital Advisors hedge fund.
Mathew Martoma, a former employee of SAC Capital, is accused of orchestrating a $276m (£168m) scam that illegally profited from insider knowledge on a new Alzheimer’s drug. He has pleaded not guilty.
