{"id":36258,"date":"2013-06-19T12:02:05","date_gmt":"2013-06-19T16:02:05","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36258"},"modified":"2013-06-19T12:05:55","modified_gmt":"2013-06-19T16:05:55","slug":"level-global-and-diamondback-hedge-fund-managers-free-on-bail","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2013\/level-global-and-diamondback-hedge-fund-managers-free-on-bail.html","title":{"rendered":"Level Global and Diamondback Hedge Fund Managers Free on Bail"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/06\/Bail-Bonds-Los-Angeles-39.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-36261\" alt=\"Bail-Bonds-Los-Angeles-39\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/06\/Bail-Bonds-Los-Angeles-39-174x300.jpg\" width=\"174\" height=\"300\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/06\/Bail-Bonds-Los-Angeles-39-174x300.jpg 174w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/06\/Bail-Bonds-Los-Angeles-39.jpg 334w\" sizes=\"auto, (max-width: 174px) 100vw, 174px\" \/><\/a>New York (HedgeCo.Net) &#8211; A New York judge has granted a request for hedge fund managers Anthony Chiasson,\u00a0co-founder of hedge fund\u00a0Level Global Investors, and\u00a0Todd Newman, a former portfolio manager at hedge fund\u00a0Diamondback Capital Management, to go free on bail. Chiasson and Newman\u00a0seek to have their insider-trading convictions thrown out.<\/p>\n<p>Chiasson and Newman were accused by prosecutors of taking part in a \u201ccriminal club\u201d of finance professionals that used their connections to trade illegally.<\/p>\n<p>Also charged by criminal authorities and sued by the SEC were Jesse Tortora, an analyst for Newman; Spyridon \u201cSam\u201d Adondakis, an analyst for Chiasson; Danny Kuo, a vice president and fund manager at Whittier Trust Co.; Jon Horvath, a technology analyst at Sigma Capital Management; and Sandeep &#8220;Sandy&#8221; Goyal of mutual fund company Neuberger Berman Group LLC. All of those individuals have pled guilty and settled the SEC\u2019s claims.<\/p>\n<p>Level Global and Diamondback were also sued by the SEC.\u00a0The firms settled\u00a0for $21.5 million and $9 million, respectively.<\/p>\n<p>Alex Akesson<br \/>\nFor\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; A New York judge has granted a request for hedge fund managers Anthony Chiasson,\u00a0co-founder of hedge fund\u00a0Level Global Investors, and\u00a0Todd Newman, a former portfolio manager at hedge fund\u00a0Diamondback Capital Management, to go free on bail. Chiasson [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-36258","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36258"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36258\/revisions"}],"predecessor-version":[{"id":39319,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36258\/revisions\/39319"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}