New Charges In Hedge Fund Insider-Trading Case

Feb 8 2012 | 2:32pm ET

Level Global Investors co-founder Anthony Chiasson and former Diamondback Capital Management trader Todd Newman have a few more allegations to fight in court.

Prosecutors yesterday added new securities fraud charges against Chiasson and Newman, bringing the total number of charges to 10. The grand jury also named former SAC Capital Advisors trader Jon Horvath and Whittier Trust Co.'s Danny Kuo.

The four men were arrested and initially charged last month, along with three other men who have pleaded guilty and who are cooperating with prosecutors.

The four remaining defendants are all free on bail.

According to U.S. Attorney Preet Bharara, the seven were members of a "criminal club," earning more than $60 million on traded confidential information.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.