A bid for acquittal and fresh trial filed by an Indian-origin portfolio manager, convicted for his role in the most lucrative insider trading scheme in US history, has been denied by a court which ruled that evidence in the case "overwhelmingly"
showed that he is guilty.Mathew Martoma, 39, will be sentenced on the scheduled date of September 8 after US District Judge Paul Gardephe denied his motion for a judgement of acquittal and alternatively for a new trial.Martoma was convicted in February for his role as the "central figure" in one of the most lucrative insider trading schemes in US history.