Level Global Investors 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 $68 million for his hedge fund.
Level Global Investors LP co-founder Anthony Chiasson, convicted of an insider-trading scheme that reaped $72m, asked a judge to give him less time in prison than the 13-year term called for by U.S. sentencing guidelines.
Level Global Investors co-founder Anthony Chiasson and former Diamondback Capital Management portfolio manager Todd Newman were convicted of securities fraud and conspiracy for an insider-trading scheme that reaped more than $72m.
A Level Global Investors co- founder and an SAC Capital Advisors LP fund manager were ruled to be co-conspirators in a scheme to swap illegal stock tips, clearing the way for prosecutors to introduce their e-mails at the insider-trading trial of two other men.
Almost two years ago, Level Global Investors LP and Diamondback Capital Management LLC were among four hedge funds raided by the Federal Bureau of Investigation as part of a nationwide crackdown on insider trading.