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Michael Steinberg
SAC fund manager Michael Steinberg guilty in insider-trading case
SAC fund manager Michael Steinberg guilty in insider-trading case

Michael Steinberg became SAC Capital Advisors' longest-serving manager to be convicted of insider trading in a government victory that may increase pressure on his former colleague Mathew Martoma to cooperate in the U.S. investigation of founder Steven A. Cohen. Steinberg, 41, was convicted of conspiracy and securities fraud after a five-week trial in federal court in Manhattan. A jury found him guilty of using illegal tips on technology stocks provided by his former analyst, Jon Horvath, to reap more than $1.4 million in illicit profits. Steinberg faces as many as 25 years in prison when he is sentenced April 25. Last month, SAC Capital agreed to plead guilty and pay a record...

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