Cohen Real Target In Probe Of SAC's Martoma, Witness Says

Law360, New York (January 23, 2014, 8:10 PM EST) -- FBI agents saw accused insider trader Mathew Martoma as a “grain of sand” and really wanted to nab his boss SAC Capital Advisors LP's Steven A. Cohen, a star prosecution witness testified Thursday in Martoma's trial over allegedly illicit trades in drug companies.

FBI agents said that their real target was fund founder Cohen, not portfolio manager Martoma, in an investigation over alleged insider trading in Wyeth and Elan Corp., former University of Michigan professor Sidney Gilman testified in Manhattan federal court.

Gilman's remarks about Cohen...
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