Convicted insider trader Mathew Martoma has been given almost seven more weeks to ponder his fate.
The New York Post reports that the former SAC Capital portfolio manager’s sentencing — originally scheduled for June 10 — is now set for July 28.
The lengthy delay comes as the court’s probation department has recommended between 15.7 and 19.6 years jail time — a sentence that Martoma’s legal team called 'outrageous'.
The recommendation is based on the $276m that Martoma’s crimes allegedly earned SAC — the largest insider-trading crime ever.
Judges haven’t been letting these white-collar thieves off easy, either.
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