Tuesday, December 18, 2012

Preet scores again: Hedgies Chiasson an Newman are guilty




The beat goes on for Manhattan US Attorney Preet Bharara.  According to the NY Post the federal crime-fighter improved his perfect record to 71-0 in the massive insider trading probe of hedge funds yesterday after a jury found Anthony Chiasson and Todd Newman guilty of conspiracy and securities fraud.  The two face 20 years in prison when sentenced April 19.

Bharara’s prosecutorial streamroller has to be on the mind of Mathew Martoma, a former portfolio manager at a unit of Steve Cohen’s SAC Capital Advisors, who became the latest defendant in the three-year probe when he was arrested on Nov. 20.

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