Capital Advisors, he was accused of generating possibly the largest single insider trading transaction profit in history at a value of $276 million.
His mother, Lizzie, is a doctor and his father, Bobby (formerly Cochukattil Thomas),[3][4] owns a dry cleaning and laundry company.
[5] He graduated from Duke University and then attended Harvard Law School but was expelled in 1999[6] for grade manipulation and dishonesty.
[13] According to the criminal complaint filed by the U.S. Department of Justice, Martoma allegedly advised Steven A. Cohen to sell shares of pharmaceutical companies Wyeth and Elan Corporation based on tips from two doctors, including Sid Gilman of the University of Michigan,[14] about the Alzheimer's disease drug bapineuzumab during clinical trials overseen by the FDA.
[16] Martoma pleaded not guilty to formal charges of securities fraud, two counts, and conspiracy which resulted in $276 million in profits for SAC Capital in 2008.
A jury of seven women and five men were selected to evaluate the evidence in a courtroom presided by U.S. District Judge Paul Gardephe.