When FBI agents informed Mathew Martoma, a former employee of the multibillion-dollar hedge fund SAC Capital, last winter of the evidence against him in an ongoing insider trading case, he reportedly "passed out" on his front lawn, "overcome with stress." Now embroiled in the government's larger case against SAC and its founder, the billionaire Steven A. Cohen, Martoma hasn't been able to spend much time at his Florida home, which was purchased in December 2010 for $1.96M. That's a drop in the bucket compared to the estimated $276M haul SAC made on Martoma's tainted trades, but enough to secure five bedrooms, 6.5 bathrooms, a stone fireplace, a study, one of the tackiest bathtubs of all time, and the patch of artificial grass that cushioned Martoma's fall. Meanwhile, Cohen, a noted art collector who spent $137.5M to acquire Willem de Kooning's Woman III, is still riding out the storm of bad press at his sprawling Greenwich estate.
· W. Maya Palm Dr [Zillow]
· Trail to a Hedge Fund, From a Cluster of Cases [NYT Dealbook]
· The Luxe Homes of the Art Market's Biggest Power Players [Curbed National]
Inside the Home of Accused Insider Trader Mathew Martoma
By Rob Bear