A group of current and former hedge fund employees pleaded not guilty Tuesday to charges they engaged in an alleged "criminal club" that made $61.8 million through improper trades based on inside information, according to the NY Post report
An indictment, returned by a federal grand jury in Manhattan last week, broadened the charges against two of the defendants: 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.
Newman and Chiasson, as well as Jon Horvath, a technology analyst with SAC Capital Advisors LP's Sigma Capital Management division in Manhattan, and Danny Kuo, a former vice president and technology-fund manager with Whittier Trust Co. in South Pasadena, Calif., have been charged with conspiracy and securities fraud. They were originally charged in the case last month. They all entered not-guilty pleas to the charges at a hearing in Manhattan federal court on Tuesday.
Read more: http://www.nypost.com/p/news/business/hedge_fund_employees_plead_not_guilty_JIlKq8wa4LH0BYlfXGFnEP
No comments:
Post a Comment