U.S. asks jurors to convict SAC's Martoma

Mathew Martoma sought out a "canary in the coal mine" to give him inside information on drug companies, a federal prosecutor said on Monday, urging jurors to convict the former SAC Capital Advisors portfolio manager of insider trading. Martoma, 39, built up contacts with doctors involved in a clinical trial of an Alzheimer's drug, which paid off in a "dramatic way" when one of them told him the final results, Assistant U.S. Attorney Eugene Ingoglia said. "Martoma then used this information for his financial benefit," Ingoglia said. Ingoglia was summarizing the government's case after four weeks of trial over what prosecutors call the most lucrative insider trading episode in U.S. history.

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