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.
Michael Steinberg, the longest- serving SAC Capital Advisors LP hedge fund manager to be convicted of insider trading, should be spared years in prison because of what his supporters call his good works.
Former SAC Capital Advisors LP hedge fund manager Michael Steinberg was sentenced to 3 1/2 years in prison for insider trading, capping one of the biggest victories for prosecutors who spent seven years investigating the firm and its boss, Steven A. Cohen.
SAC Capital Advisors LP’s Michael Steinberg became the fund’s longest-serving manager to be convicted of insider trading in a U.S. victory that may increase pressure on his accused one-time colleague, Mathew Martoma, to cooperate in the probe of founder Steven A. Cohen.
Danny Kuo, a former analyst who pleaded guilty in 2012 to taking part in an insider-trading ring that included ex-SAC Capital Advisors LP fund manager Michael Steinberg, should be spared a prison term because of his assistance to the government, a prosecutor said.
SAC Capital Advisors LP fund manager Michael Steinberg had a “dizzy spell” as a jury in Manhattan federal court prepared to deliver its verdict in his insider trading case after only one day of deliberations.
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.
SAC Capital Advisors LP fund manager Michael Steinberg was indicted by a federal grand jury on five counts of conspiracy and securities fraud as the U.S. government’s wide-ranging probe of insider trading at the $15 billion firm got one step closer to founder Steven A. Cohen.
A bartender and a dog walker are among the federal court jurors who are set to hear opening arguments in the insider-trading trial of Level Global Investors LP co-founder Anthony Chiasson and Todd Newman, a former portfolio manager for Diamondback Capital Management LLC.