Indian-origin hedge fund manager freed on USD 5 million bond
An Indian-origin hedge fund portfolio manager, charged with participating in one of the “most lucrative” insider trading schemes ever, has been released on a five million dollar bail after he appeared in Manhattan federal court here.
Mathew Martoma, 38, appeared in a brief court hearing yesterday before US Magistrate Judge James Cott and was informed of his rights as a criminal defendant.
Martoma, who was arrested last week at his home in Boca Raton, Florida, did not enter any plea and the judge set a next court hearing of December 26.