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New Charges Filed in Hedge Fund Insider Trading Case

Courthouse News Services – Hedge fund managers Anthony Chiasson and Todd Newman, and analyst Jon Horvath made millions trading on inside information about Dell and Nvidia, federal prosecutors claim in a revised indictment.

Prosecutors say Horvath and other analysts passed inside information to Chiasson, co-founder of Level Global Investors, and Newman, former portfolio manager for Diamondback Capital Management, who profited from trading on the tips in 2008 and 2009.

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