US trader 'stole millions' by insider dealing | News | Al Jazeera

US trader 'stole millions' by insider dealing

Former hedge fund manager faces 20 years in jail after being found guilty of large-scale insider trading.

    A former hedge fund manager has been found guilty of involvement in what US prosecutors say was the largest-ever insider trading scheme.

    Mathew Martoma used secrets from the clinical trials of a new drug for Alzheimer's to earn $275m.

    His lawyer says an appeal is planned against the possible 20 year prison sentence.

    Al Jazeera's Kristen Saloomey reports from New York.

    SOURCE: Al Jazeera


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