The federal government is recommending that a former portfolio manager serve up to about 20 years in prison. His lawyers call that “outrageous” and “irrational.”
Mathew Martoma will be sentenced Monday afternoon.
His lawyers said in a recent court filing that to mete out such a stiff punishment, the judge would have to conclude Martoma teamed up with his billionaire boss. They say the government never proved Martoma provided Steven A. Cohen with inside information.