Level Global Co-Founder Says Partner Also Guilty Of Insider-Trading

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.


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.