Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Level Global Co-Founder Chiasson Must Forfeit $1.4M

Level Global Investors LP co-founder Anthony Chiasson, who was sentenced to 6 1/2 years in prison for using illegal tips to make more than $68 million for his hedge fund, was ordered to forfeit $1.4 million.

U.S. District Judge Richard Sullivan, who sentenced Chiasson in May, set the forfeiture amount yesterday in a written order in federal court in Manhattan. Chiasson was convicted after a trial in 2012 of conspiracy and securities fraud for trading on illegal tips on Dell Inc. and Nvidia Corp.

Sullivan said in yesterday’s order that he erred when he imposed a $5 million fine when sentencing Chiasson. That amount should have been no bigger than $1.25 million, the judge said.

Chiasson’s co-defendant at trial, former Diamondback Capital Management LLC portfolio manager Todd Newman, was also found guilty. He was sentenced by Sullivan to 4 1/2 years in prison. Both men have appealed.

A federal appeals court in Manhattan ruled June 18 that Chiasson and Newman may remain free while they appeal their convictions.

The case is U.S. v. Chiasson, 1:12-cr-00121, U.S. District Court, Southern District of New York (Manhattan).

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.