Lifestyle

Insider-Trader Kuo Would Like His Cap And Gown

Apr 17 2014 | 9:49am ET

If admitted hedge fund tipster Danny Kuo goes to prison alongside former SAC Capital Advisors trader Mathew Martoma, he’d like to leave the big house with something his fellow insider-trader has lost: an M.B.A.

Kuo has asked a federal judge to allow him to attend his graduation from the University of Southern California’s Marshall School of Business next month. The former Whittier Trust Co. analyst wants his sentencing delayed until after commencement.

Kuo pleaded guilty two years ago to trading in inside information with three hedge funders: Level Global Investors co-founder Anthony Chiasson, Diamondback Capital Management trader Todd Newman and former SAC analyst Jon Horvath. He faces up to 45 years in prison, but is expected to get much less in recognition of his cooperation with prosecutors, who used his testimony to help win convictions against Chiasson and Newman.

Kuo thought business school “would be a good way to improve his résumé during a period… when he had difficulty working because of the pendency of this case,” his lawyer, Roland Riopelle, told Bloomberg News.

USC acknowledged that Kuo is indeed enrolled as a part-time M.B.A. student, although it declined to say whether it was aware of his criminal past.

Martoma lost the M.B.A. he earned at Stanford University after it emerged that he had lied on his application. Martoma, who was convicted of insider-trading in February, apparently failed to disclose that he was expelled from Harvard Law School for doctoring his transcript.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of