Biggest Inside Trader Convicted

worth it?

Updated Apr. 14, 2017 5:03PM ET / Published Feb. 06, 2014 8:16PM ET

Eduardo Munoz/Reuters

Another SAC Capital employee was convicted on Thursday for his role in what prosecutors claim to be the most lucrative insider trading scheme in American history. Mathew Martoma was a portfolio manager at Steven Cohen's $14 billion hedge fund, which used confidential information about investments to profit and avoid $275 million in losses. Martoma is the eighth employee to be found guilty. He was charged with conspiracy and securities fraud, and faces a maximum of 45 years in prison. Last year, SAC Capital agreed to pay $1.8 billion in settlements.

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Biggest Inside Trader Convicted

Eduardo Munoz/Reuters