Friday, 27 November 2015
Last updated 1 day ago
Oct 18 2012 | 8:36am ET
There is no honor among alleged thieves. Accused insider-trader Anthony Chiasson, co-founder of Level Global Investors, says his fellow co-founder, David Ganek, made the same trades at the same time.
Lawyers for Chiasson, who faces trial on Oct. 29 for insider trading of Dell and Nvidia Corp, have asked a judge to allow them to introduce evidence showing Ganek, who has been accused of no wrongdoing, made the same trades.
Although the government says such testimony would not be relevant to the case, prosecutors have acknowledged in a court filing that Chiasson had two uncharged co-conspirators at Level Global.
“Chiasson shared discretion over the two funds at Level Global with two other individuals, who have been named as co-conspirators by the government,” Assistant U.S. Attorneys Antonia Apps, Richard Tarlowe and John Zach wrote.
Chiasson could go to prison for as long as 20 years if convicted.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…