Stanford Yanks Martoma MBA

Mar 5 2014 | 12:01pm ET

Stanford University has revoked former SAC Capital Advisors trader Mathew Martoma’s MBA.

The university’s Graduate School of Business rescinded Martoma’s 2001 offer of admission, effectively cancelling the degree he earned from the school in 2003. It is believed to be the first time Stanford’s business school has rescinded a degree.

Stanford did not specify why it had revoked Martoma’s admission, saying only that it takes “very seriously any violation of the integrity of our admissions process.” The school last month asked Martoma to explain statements on his applications; Martoma appears not to have responded.

Questions about Martoma’s admission to Stanford emerged just before the start of his trial for insider-trading—crimes he was convicted of last month. It was revealed that Martoma had been expelled from Harvard Law School for falsifying his transcript. Shortly thereafter, he changed his name from Ajai Mathew Thomas and applied to Stanford.

Martoma faces decades in prison when he is sentenced this summer.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR