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The Newman ruling would later free Martoma’s SAC colleague Michael Steinberg who, a federal jury found, made

The Newman ruling would later free Martoma’s SAC colleague Michael Steinberg who, a federal jury found, made $1.9 million for SAC by trading on tips involving Dell and Nvidia.Steinberg’s conviction was overturned because prosecutors did not prove that he knew the tipster was paid for the info.Paul Clement, Martoma’s lawyer, did not respond to requests for comment.Martoma’s wife, Rosemary, a striking brunette pediatrician, was at her husband’s side throughout the trial. Bharara cheered Wednesday’s decision — and took a swipe at the Newman ruling.Monel Amin is Founder and Head of Risk Strategy at arthance, a global risk management firm for the buy-side industry.Prior to that she was Head of Liquid Investments Risk at Citi.“We are very disappointed and we are planning an appeal,” said Martoma lawyer Richard Strassberg. “In the short run, cheating may have been profitable for Martoma, but in the end, it made him a convicted felon, and likely will result in the forfeiture of his illegal windfall and the loss of his liberty,” Bharara said in a statement after the verdict.

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The Newman ruling would later free Martoma’s SAC colleague Michael Steinberg who, a federal jury found, made $1.9 million for SAC by trading on tips involving Dell and Nvidia.

Steinberg’s conviction was overturned because prosecutors did not prove that he knew the tipster was paid for the info.

Paul Clement, Martoma’s lawyer, did not respond to requests for comment.

Martoma’s wife, Rosemary, a striking brunette pediatrician, was at her husband’s side throughout the trial. Bharara cheered Wednesday’s decision — and took a swipe at the Newman ruling.

Monel Amin is Founder and Head of Risk Strategy at arthance, a global risk management firm for the buy-side industry.

Prior to that she was Head of Liquid Investments Risk at Citi.

“We are very disappointed and we are planning an appeal,” said Martoma lawyer Richard Strassberg. “In the short run, cheating may have been profitable for Martoma, but in the end, it made him a convicted felon, and likely will result in the forfeiture of his illegal windfall and the loss of his liberty,” Bharara said in a statement after the verdict.

Martoma, 39, faces up to fives years in prison on the conspiracy count and up to 20 years on the fraud charges.

.9 million for SAC by trading on tips involving Dell and Nvidia.

Steinberg’s conviction was overturned because prosecutors did not prove that he knew the tipster was paid for the info.

Paul Clement, Martoma’s lawyer, did not respond to requests for comment.

Martoma’s wife, Rosemary, a striking brunette pediatrician, was at her husband’s side throughout the trial. Bharara cheered Wednesday’s decision — and took a swipe at the Newman ruling.

Monel Amin is Founder and Head of Risk Strategy at arthance, a global risk management firm for the buy-side industry.

Prior to that she was Head of Liquid Investments Risk at Citi.

“We are very disappointed and we are planning an appeal,” said Martoma lawyer Richard Strassberg. “In the short run, cheating may have been profitable for Martoma, but in the end, it made him a convicted felon, and likely will result in the forfeiture of his illegal windfall and the loss of his liberty,” Bharara said in a statement after the verdict.

Martoma, 39, faces up to fives years in prison on the conspiracy count and up to 20 years on the fraud charges.

Two expert network companies, Primary Global Research and Gerson Lehrman Group — which Martoma used — were caught up in the probe.

The info, obtained from a doctor working on clinical trials of a drug to treat Alzheimer’s disease, was used to make trades that netted Martoma’s employer — SAC Capital, owned by legendary trader Steve Cohen — 5 million, court testimony revealed.

In his appeal, Martoma claimed the jury was given improper instructions.

A federal appeals court on Wednesday denied Mathew Martoma’s request to throw out his insider-trading conviction.

The decision means Martoma, who engineered the most lucrative single insider-trading scheme ever, will likely have to serve out the remainder of his nine-year sentence.

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