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: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note