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.
This week, the first two defendants from those firms are on
trial in Manhattan federal court, as the U.S. continues its unprecedented
five-year-old investigation of market corruption at hedge funds, technology
companies and consulting firms.
Level Global co-founder Anthony Chiasson and Todd Newman, a
former portfolio manager for Stamford, Connecticut-based Diamondback, are
accused of making more than $67 million in illicit profits by trading on inside
information in Dell Inc. and Nvidia Corp…...
No comments:
Post a Comment