Comment on News Summary: Bail granted in insider trading case

News Summary: Bail granted in insider trading case

News Summary: Bail granted in insider trading case Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 3:24 p.m., Monday, November 26, 2012 A former hedge fund portfolio manager was released on $5 million bail after appearing in a Manhattan court Monday to face accusations in one of the largest insider trading fraud cases in history. Mathew Martoma, 38, of Boca Raton, Fla., was arrested last week on charges that between 2006 and 2008, he shared confidential information about an experimental Alzheimer's drug with others, enabling more than $276 million to be made illegally for his fund and others.

 

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