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Mar 20, 2017
03/17
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matthew martoma, when he arrived, he was very ambitious. he was looking for a winning trading idea.e was an expert in technology stocks and biotechnology stocks and drug companies. he had been tracking the development of this alzheimer's drug. there was tremendous commercial potential for this drug, basically for any company that found a cure for alzheimer's. there were billions of dollars to be made. so he started looking around for people who could help him learn more about thidrug trial. he ended up becoming connected to dr. gilman. over a number of months, cultivated a relationship with dr. gilman that culminated in him getting allegedly inside information from dr. gilman about the drug trial. there is a very dramatic moment that i recount in the book where dr. gilman appears at a medical conference in chicago, i think in july 2008. it is this big unveiling of the final trial results of this alzheimer's drug trial. this auditorium at the hotel in downtown chicago is packed. there are researchers, doctors, traders and analysts from wall street, because all of wall street has been
matthew martoma, when he arrived, he was very ambitious. he was looking for a winning trading idea.e was an expert in technology stocks and biotechnology stocks and drug companies. he had been tracking the development of this alzheimer's drug. there was tremendous commercial potential for this drug, basically for any company that found a cure for alzheimer's. there were billions of dollars to be made. so he started looking around for people who could help him learn more about thidrug trial. he...
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Mar 16, 2017
03/17
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the two central characters at the heart of the story, central twoacter necessary my book, fund, matthew martoma, rs for one ofhael steinburg, is them. martoma is serving a fairly lengthy prison sentence, his is on appeal and mr. steinburg was convicted, but his overturned as later after an appeals court made a to ng that made it harder convict someone for insider trading. > sunday night 8 p.m. eastern on c-span's q&a. >> raise your right hand. >> with the confirmation hearing court nominee neil gorsuch starting next week, tonight 8 p.m. eastern, we'll at confirmation hearing of all eight supreme court starting with justice kennedy in 1987. 1991, ruth mas in breyer, john , alito, , 2005, samuel keagan, in ayor and 2010. watch tonight 8 p.m. eastern on c-span2. >> "washington journal" continues.
the two central characters at the heart of the story, central twoacter necessary my book, fund, matthew martoma, rs for one ofhael steinburg, is them. martoma is serving a fairly lengthy prison sentence, his is on appeal and mr. steinburg was convicted, but his overturned as later after an appeals court made a to ng that made it harder convict someone for insider trading. > sunday night 8 p.m. eastern on c-span's q&a. >> raise your right hand. >> with the confirmation hearing...
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Mar 20, 2017
03/17
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about mattre talking martoma, now in prison. >> as the criminal complaint in by corruptingges, a doctor with access to secret drug data, former portfolio manager matthewontana and his --ge fund -- martoma this is the most lucrative insider-trading scheme ever resulting ingedly an legal windfall to the hedge fund of more than a quarter of a billion dollars and that is billion with a "b." brian: did he become a...? sheelah: he became the star witness. brian: how big of a case was this? veryah: this was a significant case. this was $275 million profit, so that made it just monetarily, i think, the biggest insider-trading case ever and -- brian: how did they initially figure out that this was an insider-trading case? you have got the securities and exchange commission. is that an independent group in washington, independent of the president? sheelah: it is a regulatory agency and there are commissioners who oversee the sec and a chair who is normally appointed by the president, so often, the sec is independent. it relies on congress for its funding and budgets and it will reflect the political views of the chairman. brian: and the recent chairman? sheelah
about mattre talking martoma, now in prison. >> as the criminal complaint in by corruptingges, a doctor with access to secret drug data, former portfolio manager matthewontana and his --ge fund -- martoma this is the most lucrative insider-trading scheme ever resulting ingedly an legal windfall to the hedge fund of more than a quarter of a billion dollars and that is billion with a "b." brian: did he become a...? sheelah: he became the star witness. brian: how big of a case was...
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Mar 14, 2017
03/17
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characters at heart of the center, central character necessary my book, two managers for io martoma, und, matthew and michael steinburg is another one. martoma is serving fairly lengthy prison sentence, his case is on appeal and mr. steinburg, was convicted, but he conviction was overturned after appeals court made ruleing that made it harder to convict someone for insider trading. >> sunday night 8 p.m. eastern on c-span's q&a. >> "washington journal" continues. host: last 25 minutes of the program, we're talking about congressional budget office scoring that came out yesterday. cbo, the nonpartisan score capitol hill e on reviewing the republican repeal and replacement plan that came out last week. here is some of their findings from review. 2018, 14 million people uninsured under the american plan than under current law, rises to 24 million by 2026. createublican plan would 1.2 trillion dollar decrease in $880 t spending, including billion less from medicaid, over same time but the mean 883 billion in reductions in revenues. that taken together accounts for total of $337 billion decrease in fe
characters at heart of the center, central character necessary my book, two managers for io martoma, und, matthew and michael steinburg is another one. martoma is serving fairly lengthy prison sentence, his case is on appeal and mr. steinburg, was convicted, but he conviction was overturned after appeals court made ruleing that made it harder to convict someone for insider trading. >> sunday night 8 p.m. eastern on c-span's q&a. >> "washington journal" continues. host:...
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Mar 14, 2017
03/17
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very central characters in my book are these two former portfolio managers for cohen's fund, matthew martoma and michael steinberg. martoma is currently serving a fairly lengthy prison sentence, though his case is on appeal. and mr. steinberg was convicted, but then his conviction was later overturned after an appeals court made a ruling that made it much harder to convict someone for insider trading. >> sunday night, at 8:00 p.m. eastern on c-span's q&a. >>> the atlanta council hosted a panel discussion recently with foreign affairs and trade experts on the future of north american trade. speakers discussed the trump administration's trade policy, the north american free trade agreement or nafta, and secretary of state rex tillerson and homeland security secretary john kelly's trip to mexico. this is about 90 minutes. >>> good afternoon, everyone. my name is peter schechter, senior vice president for strategic initiatives at the atlantic council. i'm also the director of the asian latin american center. thank you for joining us in this very timely event. and it is timely because 2 of the 3
very central characters in my book are these two former portfolio managers for cohen's fund, matthew martoma and michael steinberg. martoma is currently serving a fairly lengthy prison sentence, though his case is on appeal. and mr. steinberg was convicted, but then his conviction was later overturned after an appeals court made a ruling that made it much harder to convict someone for insider trading. >> sunday night, at 8:00 p.m. eastern on c-span's q&a. >>> the atlanta...
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Mar 14, 2017
03/17
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characters at heart of the center, central character necessary my book, two managers for io martoma, und, matthew and michael steinburg is another one. martoma is serving fairly lengthy prison sentence, his case is on appeal and mr. steinburg, was convicted, but he conviction was overturned after appeals court made ruleing that made it harder to convict someone for insider trading. >> sunday n 8
characters at heart of the center, central character necessary my book, two managers for io martoma, und, matthew and michael steinburg is another one. martoma is serving fairly lengthy prison sentence, his case is on appeal and mr. steinburg, was convicted, but he conviction was overturned after appeals court made ruleing that made it harder to convict someone for insider trading. >> sunday n 8
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Mar 14, 2017
03/17
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central characters at the heart of the store, central in my book are these two portfolio managers, matthew martoma and michael steinberg, and martoma is serving a lengthy prison sentence, with you stein berg's was overturned. >> sat night 7:00 p.m. ian on c-span's q&a. >> federal relations chair -- testified at a hearing over the commerce senate committee over neutrality rules, wireless broadband access and internet access and connectivity for americans in country's rural areas, this was commissioner's first appearance, in late january, this is about two hours, 40 minutes. abouttwohours 40 minutes. abouttwohours, 40 minutes. twohours, 40 minutes. hours, 40 minutes. >>> good morning. welcome to today's hearing on oversight of communications commission, i should point out since this committee has jurisdiction over sports last night the south dakota state university jack rabbits punched their ticket by inning the summit tournament. i no i'm getting gavelled down here by someone. >> that was applause? that's what you're supposed to do. the last time we met was six years ago and a lot has changed since
central characters at the heart of the store, central in my book are these two portfolio managers, matthew martoma and michael steinberg, and martoma is serving a lengthy prison sentence, with you stein berg's was overturned. >> sat night 7:00 p.m. ian on c-span's q&a. >> federal relations chair -- testified at a hearing over the commerce senate committee over neutrality rules, wireless broadband access and internet access and connectivity for americans in country's rural areas,...
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Mar 15, 2017
03/17
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my book are these two former pole folio managers, matthew martama is one and matthew steinburg is the other one. and martoma is serving a lengthy prison sentence. his case on appeal. steinburg was convicted but his conviction was overturned that an appeals court made it harder to convict someone for insider trading. >> sunday night at 8:00 p.m. eastern on c-span's q & a. >> now a discussion on the independent payment advisory board. a 15-member agency created by the federal health care law to recommend cost-cutting measures for medicare if projected spending exceeds a target growth rate. between its 2010 creation through 2016 formation of the board had not been triggered, nor had its members been selected. but some experts believed it would be triggered this year. this discussion is about an hour. >> good afternoon, and thank you everyone for joining us today. i'm
my book are these two former pole folio managers, matthew martama is one and matthew steinburg is the other one. and martoma is serving a lengthy prison sentence. his case on appeal. steinburg was convicted but his conviction was overturned that an appeals court made it harder to convict someone for insider trading. >> sunday night at 8:00 p.m. eastern on c-span's q & a. >> now a discussion on the independent payment advisory board. a 15-member agency created by the federal...