Monday, November 5, 2012

Gupta was just the beginning: Bharara insider streak on line



Manhattan US Attorney Preet Bharara is looking to keep his winning streak alive., NY Post reports.  With a 6-0 record in trial convictions against defendants caught in his insider-trading probe, Wall Street’s top cop Wednesday will kick off his final trial emanating from that investigation.  Already the insider-trading probe has resulted in 68 convictions — including guilty pleas, the biggest Wall Street crackdown since the 1980s.

Squaring off against Bharara in Manhattan federal court are two well-heeled hedge-fund defendants: Anthony Chiasson, founder of the $4 billion hedge fund Level Global, and Todd Newman, a former money manager with Diamondback Global.

The beginning of jury selection was delayed more than a week because of Hurricane Sandy…..

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