Level Global Investors LP co-founder Anthony Chiasson was sentenced to 6 1/2 years in prison for using illegal tips funneled to him from analysts and company insiders to make more than $68 million for his hedge fund.
Todd Newman, the former Diamondback Capital Management LLC portfolio manager convicted of taking part in a $72 million insider-trading scheme, must surrender to prison authorities July 8, a judge ruled.
Level Global Investors LP co-founder Anthony Chiasson, convicted last year of taking part in a $68 million insider-trading scheme, deserves a term of more than 10 years in prison for his crimes, prosecutors told the court.
Former Diamondback Capital Management LLC fund manager Todd Newman was sentenced to 4 1/2 years in prison for his role in an insider-trading scheme that used tips from technology company insiders to earn $72 million.
The federal judge presiding over the insider-trading prosecution of Michael Steinberg rejected a request from the lawyer for the SAC Capital Advisors LP fund manager that he recuse himself from the case.
Level Global Investors LP co-founder Anthony Chiasson, convicted of an insider-trading scheme that reaped $72 million, asked a judge to give him less time in prison than the 13-year term called for by U.S. sentencing guidelines.
JPMorgan Chase & Co., Goldman Sachs Group Inc. and other U.S. swap dealers would gain limits on the Dodd-Frank Act’s reach for overseas trades under a Securities and Exchange Commission proposal released yesterday.
Diamondback Capital Management LLC, one of the hedge funds raided by the FBI in 2010, is seeking $39 million in restitution from former fund manager Todd Newman, saying it’s a victim of his insider-trading scheme.