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Partner Jeffrey Alberts Comments on Family’s Rights to Forfeited Assets

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Partner Jeffrey Alberts, head of the White Collar Defense and Investigations practice, was quoted in the Reuters article “Wife of Convicted ex-SAC Employee Petitions to Keep Cash, Home.”

Mathew Martoma was convicted of securities fraud, sentenced to nine years in prison and ordered to forfeit around $9.4 million. The wife of Mathew Martoma asked a court to let her keep the couple's $2.2 million Florida home and roughly $4.5 million in cash.

According to Alberts, spouses often have no idea a crime has been committed until a case is brought. “While one cannot help but pity an innocent spouse, the government has an obligation to forfeit assets that can be used to compensate victims of the crime itself,” he added.

To read the article in its entirety, please click here.