Stanford Strips Degree From Former SAC Trader Martoma

Mathew Martoma, the former SAC Capital Advisors trader found guilty of insider trading, was stripped of his degree from Stanford Graduate School of Business, the first time the school is believed to have revoked a graduate degree.

Failure to disclose previous expulsion from Harvard Law School

At issue is the fact Martoma was expelled from Harvard Law School for falsifying his transcript grades, according to court documents unsealed in advance of Martoma’s insider trading trial. According to a report in the Wall Street Journal, which initially broke the story, Stanford has...