May 07, 2013
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.
May 03, 2013
A New York federal judge who has taken a hard line on insider trading law said Friday he would not allow a criminally charged SAC Capital Advisors LP portfolio manager to go before another judge, denying the defendant's transfer request.
May 02, 2013
Former hedge fund executive Todd Newman, convicted of insider trading in Dell Inc. and Nvidia Corp. stock as part of a "criminal club" of finance professionals, was sentenced Thursday to 54 months in prison.
April 29, 2013
Defunct hedge fund Diamondback Capital Management LLC on Monday told a New York federal judge it is entitled to $39 million in restitution from convicted former fund manager Todd Newman, saying it was a victim of his insider trading scheme.
April 23, 2013
A New York federal judge slated to sentence former Diamondback Capital Management LLC portfolio manager Todd Newman, convicted of insider trading in Dell Inc. stock, refused Tuesday to allow the names of people who wrote letters supporting Newman's plea for leniency to remain redacted in court.
April 19, 2013
Todd Newman, a hedge fund executive who was convicted of insider trading in Dell Inc. and Nvidia Corp. shares, asked a New York federal judge Friday for a lenient sentence, saying he was not at the center of the scheme.
April 17, 2013
A New York federal judge on Wednesday agreed to put off the sentencing of a former analyst at hedge fund Sigma Capital Management for insider trading, pursuant to the government's request, as he continues to cooperate with prosecutors.
December 17, 2012
A jury on Monday found former hedge fund executives Anthony Chiasson and Todd Newman guilty of participating in an insider trading ring to make about $70 million on Dell Inc. and Nvidia Corp. stock.
December 11, 2012
Former hedge fund executives Anthony Chiasson and Todd Newman used a "secret pipeline" to make about $70 million in Dell Inc. and Nvidia Corp., prosecutors said Tuesday in their final arguments to the jury in the insider trading case.
December 06, 2012
Evidence that hedge fund founder David Ganek conspired with a technology stock insider trading ring can be shown to a jury hearing criminal charges against Ganek's onetime colleague, Anthony Chiasson, a federal judge ruled Thursday.