Stanford Revokes MBA of Insider Trading Figure
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Stanford University has revoked the M.B.A. of Mathew Martoma, who was recently convicted of insider trading, but that's not why he lost the degree, The Wall Street Journal reported. During his trial, it was revealed that Martoma was kicked out of law school at Harvard University for falsifying transcript grades, and Martoma didn't report this to Stanford when he was applying there. Stanford applicants sign a statement saying that offers of admission can be revoked for certain actions, such as "a serious lack of judgment or integrity” prior to enrolling. As a result, Stanford has now revoked his offer of admission, which has the impact of making his degree invalid.