Monday, June 30, 2014

SAC Capital Fallout; Matthew Martoma To Be Sentenced!

 And the beat goes on. In the wake of  Martoma's conviction, the US Attorney's office is seeking 8 years in the can. Wowee...Crime may not pay. We'll see if  the Judge  is going to be   as kind to Martoma as the Court  was to Michael Steinberg .  Or  will the Court  be intent on sending a message  to Wall  Street ?
   Either way, to me the fact that  Steven Cohen has escaped indictment and prosecution so far  is mind -boggling! He definitely has been wounded, but somehow , some way remains alive and kicking(Minus a few Monets and Manets).
  So  let's wait and see. I'm sure of one thing though ;  not gonna be a pleasant  4th of July holiday for the Martoma family......

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