Click for Ann Arbor, Michigan Forecast
Tuesday February 21, 2017
Follow us: facebook twitter RSS feed
Print Comment E-mail

The Corruption of Sid Gilman

 

continued

Wayne State University law professor Peter Henning, who writes the "White Collar Watch" blog on the New York Times website, says Gilman may have joined Gerson Lehrman naively unaware of the ethical traps in expert networks, only to be blinded by the glare of Wall Street and flattered by the attention. He may have found the high-powered trader's world "new and pretty exciting ... People like Martoma are full of energy and expertise.

"I don't believe he thought through the consequences of his actions, what a black mark they would leave on his career," Henning says. "I mean, this is going to be what's in the first paragraph of his obituary."

Henning says Gilman probably had no idea of the huge amount of money that could be made off his tips to Martoma, and "at one point he looked at the man in the mirror and convinced himself he wasn't doing anything all that wrong"--and assented to the seduction.

The two men first met in New York in October 2006. Martoma, in his early thirties, and Gilman, in his seventies, became well acquainted over the next two years. According to the feds, "Gilman developed a personal relationship with Martoma, eventually coming to view Martoma as a friend and pupil."

Bookmark and Share
previous  ·  1 ... 8 l 9 l 10 l 11 l 12 l 13  ·  next page
all on one page
read more stories here -> Marketplace  l  Culture  l  Community  l  News

You might also like:

Paying for the Visiting Team? - Question Corner... Paying for the Visiting Team? - Question Corner...
Magic Pond Magic Pond
Subscribe to the Ann Arbor Observer Subscribe to the Ann Arbor Observer
Calendar This Week - Clubs, Social Groups, Games, Crafts, & Hobbies Calendar This Week - Clubs, Social Groups, Games, Crafts, & Hobbies
Washtenaw Reads - Washtenaw Reads - "The ultimate book group" is ...
Map of Vegetarian Restaurants Map of Vegetarian Restaurants
Map of Public Libraries Map of Public Libraries
Saline Parking And Transportation Saline Parking And Transportation
Ann Arbor Transportation Ann Arbor Transportation
The Himalayan Bazaar's New Year's Eve Trek - Sh... The Himalayan Bazaar's New Year's Eve Trek - Sh...
spark
custom blinds and window treatments, flooring, and furniture
top of the lamp. All your in home lighting needs.
Holiday Inn Ann Arbor. Comfortable Hotel, a home away from home.
Become of Fan of the Ann Arbor Observer on Facebook
Victors For Art February 18th through June 11th
A visitor's guide to Ann Arbor