EX-SAC Capital figure indicted in fraud case

NEW YORK — A former SAC Capital Advisors portfolio manager was indicted Friday on securities fraud and conspiracy charges in a case that federal prosecutors have called the most lucrative insider-trading scheme ever uncovered.

A federal grand jury in Manhattan indicted the former portfolio manager, Mathew Martoma, a month after the government arrested him on charges that he used inside tips about a clinical drug trial to help SAC earn profits and avoided losses totaling $276 million.

While Stamford, Conn.based SAC has been touched by several insider-trading cases in recent years, in this case the government has tied questionable trades to Steven Cohen, the billionaire owner of SAC.