Tuesday, January 21, 2014

Alzheimer's expert to NY jury: 'I was so ashamed'


An Alzheimer's expert testified Tuesday that he was too ashamed to be truthful when the FBI confronted him with claims he fed inside information to a hedge fund manager whose company owned pharmaceutical stocks.

Mafnify

Sidney Gilman, 81, described his dealings with investigators to a New York City jury at the trial of former SAC Capital portfolio manager Mathew Martoma.

During two days of testimony, Gilman has described feeding secrets about a clinical trial for a promising Alzheimer's drug to Martoma, 39, of Boca Raton, Fla.

The doctor said he was "hoping it would go away" when he lied to the FBI in 2011.

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