Mathew Martoma scored a victory before jury selection began in his insider-trading trial, January7.
His attorney Richard Strassberg had told India Abroad
the week before the trial began that he had asked the
judge to order the authorities to turn over communications between the government and the doctors who
allegedly shared information with Martoma and were
now cooperating with the prosecution.
He was also seeking to bar jurors from hearing that
Martoma fainted when Federal Bureau of Investigation
agents came to arrest him in November 2012 from Boca
Raton, Florida — where he lives with his wife and three
children. The prosecution noted this as evidence of guilt.
On January 6, US District Judge Paul Gardephe
stopped the prosecution from using certain pieces of evidence against the former portfolio manager at CR
Intrinsic, a part of Steve Cohen’s SAC Capital Advisors
LP, and ordered them to turn over other pieces of evidence they planned to use.
‘Judge Gardephe said prosecutors can’t show jurors evidence that a research analyst for Mr Martoma allegedly
obtained “confidential information” that was different
from the tips described in Mr Martoma’s indictment,’ The
Wall Street Journal reported.
‘Late last month, prosecutors asked Judge Gardephe to
admit evidence they said showed Mr Martoma directed
his research analyst to meet with a doctor sometime after
July 2008 ahead of a clinical drug trial. The motion did-
n’t offer details about the doctor or the drug.’
While prosecutors had argued the now-blocked evi-
dence showed Martoma’s modus operandi was allegedly
cultivating corrupt relationships with doctors, the
defense had argued that the evidence had nothing to do
with the case and would unfairly color the jury’s opinion
Judge Gardephe agreed with the defense.
He also sided with the defense on the prosecutors presenting jurors with evidence that Martoma fainted when
FBI agents arrived to arrest him and said it wasn’t a representation of Martoma’s guilt.
The early victory was, however, overshadowed January
9 when Judge Gardephe overruled the defense’s request
and allowed the unsealing of documents that revealed
that Martoma forged a Harvard transcript in 1999 and
was later expelled from the Harvard Law School.
He had used computer software to create a fake transcript, which he sent to federal judges to get a clerkship.
When it was discovered, he tried to cover it up electronically.
Strassberg told the court that something that happened
15 years ago had no relevance in the present case and
How many start-ups can dream of such an exciting journey? Start oday, and 18 months later, get
taken over (reportedly for $15 million) by
That is what happened with the seven
entrepreneurs who started Little Eye Labs,
a company that builds mobile app analysis
tools for developers and testers.
“The deal was in the works for six months.
We met them at a conference. They were
interested in our product and eventually
things fell in place,” Kumar Rangarajan,
chief ion — these entrepreneurs like to call
themselves positively charged ions — at
Little Eye Labs, tells India Abroad.
This, he says, was not the company’s
intention when they started in May 2012.
“The goal was to build a world-class prod-
uct. Then everything happened as it hap-
pened,” he says. “To build a global product,
the biggest challenge is to try and under-
stand what are the needs, importance and
demand of the customers and then design a
product that satisfies all these parameters
and build a product that is visually delight-
“It was a challenge to build a product that
was universally appealing.”
The product is named Little Eye, and
when asked how its acquisition could help
Facebook, Rangarajan explains, “The prod-
uct helps app developers to improve their
Kumar is excited about what this deal
means for India’s product development
capabilities in the mobile apps domain.
“It feels really, really, good. It is a good
sign for Indian start-ups’s product building
All the entrepreneurs will now move to
Facebook’s Menlo Park headquarters.
Ask Rangarajan if a meeting has been
Kumar Rangarajan from the first Indian technology
fixed with Facebook founder Mark
Zuckerberg, and he says, “We have no idea,
but we would definitely want to meet him.
He is an awesome guy and an inspiration to
all the entrepreneurs in the world.”
Facebook’s Little Eye in India
company to be taken over by Facebook tells
Prasanna D Zore what got Little Eye the social
networking giant’s attention
A victory and
a blow for Martoma
Mathew Martoma, right, arrives at the Manhattan Federal Courthouse, January 7. BRENDAN MCDERMID/REUTERS
January 17, 2014