Feds Want Level Global Co-Founder Locked Up For 10 Years

Law360, New York (May 7, 2013, 2:10 PM EDT) -- U.S. Attorney Preet Bharara said Monday that Anthony Chiasson, co-founder of hedge fund Level Global Investors LP, should be put behind bars for up to 10 years for his insider trading conviction, nearly five times the prison time Chiasson's attorneys are seeking.

In a sentencing memorandum filed in New York federal court, Bharara argued that Chiasson deserves a prison term that is within the federal sentencing guidelines of between 97 to 121 months, in part because he was convicted of playing a role in one of...
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