Federal prosecutors brought additional fraud charges Tuesday against two former hedge-fund managers in an alleged "criminal club" that made $61.8 million through improper trades, according to the Wall St Journal.
The indictment, returned by a federal grand jury in Manhattan on Tuesday, added new securities fraud charges against Todd Newman, a former portfolio manager with hedge-fund firm Diamondback Capital Management, and Anthony Chiasson, a former hedge-fund manager at Level Global Investors. The 10-count indictment names as defendants Messrs. Newman and Chiasson, as well…
Find out more at http://online.wsj.com/article/SB10001424052970203315804577209343591191600.html
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