Mathew
Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC
Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison
for engaging in what authorities called the most lucrative insider trading
scheme in U.S. history.
U.S.
District Judge Paul Gardephe in New York also ordered Martoma, 40, to forfeit
$9.3 million.
Prosecutors
accused Martoma of making illegal trades in pharmaceutical stocks based on tips
about a clinical trial for an Alzheimer's drug. They said these trades enabled
SAC to generate about
