Uncle Sam’s widespread insider trading crackdown just slimed
two more investment bigwigs. Manhattan
federal judge Richard Sullivan yesterday ruled that SAC Capital money manager
Michael Steinberg and Level Global co-founder David Ganek can be named
co-conspirators in the current insider trading case unfolding downtown.
Neither Steinberg nor Ganek has been charged in the case,
but the ruling lets prosecutors submit their e-mails and instant messages as
evidence in their case against Todd Newman, a former portfolio manager at
Diamondback, and Anthony Chiasson, Ganek’s former Level Global partner.
The feds have accused Chiasson and Newman of improperly
profiting off insider tips on Dell and Nvidia....
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