Claman on Call: Martoma Gets 9-Years Prison

By Features FOXBusiness

Mathew Martoma sentenced to 9 years in prison

Claman on Call: FBN's Liz Claman with an after-hours web exclusive on the markets, the sentencing of former SAC Capital portfolio manager Mathew Martoma, Alibiba's road show, Vevo's new virtual concerts and what to expect from ... Apple's highly anticipated media event.

Former SAC Portfolio Manager Mathew Martoma was sentenced by the U.S. District Judge to nine years in prison on Monday, and was ordered to forfeit $9.38 million, which he got as a bonus from SAC for his suspect trades. Former prosecutor Doug Burns joined After the Bell to talk about the sentencing and why Martoma didn't, as Burns calls it, "flip."

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U.S. stocks finished mixed on Monday. The energy sector falling the most among the 10 major industry groups on the S&P 500, and having its steepest one-day drop in a month. 

In tech news, China's e-commerce giant Alibaba finally hit the road. Hundreds of investors lined up outside of Manhattan's legendary Waldorf Astoria hotel to hear Alibaba's management pitch. It's part of the company's attempt to raise more than $21 billion in a public offering, which could be the largest U.S. IPO ever. FOX Business's Jo Ling Kent got a shot of a happy Jack Ma as he left the presentation, and was able to get a copy of the orange folder that investors were given.

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And if you couldn't score a ticket to your favorite singer's concert, don't worry -- Vevo will jump to the rescue. The video entertainment platform has partnered with Samsung to bring brand new virtual reality technology, called Gear VR, so fans can attend concerts online. Vevo CEO and president Rio Caraeff joined FOX Business to discuss what lies ahead for the two companies.

Coming up tomorrow -- Apple's highly-anticipated media event is finally here. And investors and tech fans everywhere are gearing up to find out more details about the tech giant's latest generation smartphone, the iPhone 6, rumored to be unveiled at the Tuesday event. Apple stock, however, finished the day with a slight loss.

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