Last updated: January 09. 2014 5:37PM - 425 Views
Associated Press

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(AP) New York prosecutors say a former money manager facing insider trading charges was expelled from Harvard Law School after he used a forged law school transcript to apply for a clerkship with federal judges.

Prosecutors made the claim in papers filed with U.S. District Judge Paul Gardephe. He was presiding over jury selection Thursday in the trial of former SAC Capital Advisors employee Mathew Martoma.

Martoma, of Boca Raton, Fla., is accused of persuading a medical professor to leak secret data from an Alzheimer's disease trial.

Martoma was expelled from Harvard Law in 1999. His spokesman says the Harvard ordeal was 15 years ago and "entirely unrelated" to the trial.

Stamford, Conn.-based SAC has agreed to settle other insider trading charges.

Associated Press
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