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Level Global Co-Founder Gets 6 1/2-Year Prison Sentence

Level Global Investors LP co-founder Anthony Chiasson was sentenced to 6 1/2 years in prison for using illegal tips funneled to him from analysts and company insiders to make more than $68 million for his hedge fund.

U.S. District Judge Richard Sullivan in Manhattan handed down the sentence today, setting aside the recommendation from advisory guidelines for a term of 10 to 13 years. Sullivan presided over the jury trial last year that ended in Chiasson’s conviction on conspiracy and securities fraud charges for trading on illegal tips on Dell Inc. and Nvidia Corp.