Convicted insider trader's sentence delayed

Gavel

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.

To access the complete New York Post article hit the link below

Sentencing of ex-SAC trader Martoma delayed

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