FBI arrests three in insider trade case: WSJ
9:35a ET January 18, 2012 (MarketWatch)
NEW YORK (MarketWatch) -- Agents from the Federal Bureau of Investigation arrested three people on Wednesday morning in New York and Boston and are expected to charge a fourth person in action related to an ongoing insider-trading investigation, a published report said.
The Wall Street Journal reported that agents in Boston arrested Todd Newman, a former portfolio manager with hedge-fund firm Diamondback Capital Management who managed technology investments. The report cited an unnamed law enforcement official.
The paper further said that agents also arrested Jon Horvath, an employee of Sigma Capital Management, an affiliate of hedge fund SAC Capital Advisors, in Manhattan.
Anthony Chiasson, a co-founder of former hedge-fund group Level Global Investors LP, surrendered in New York, and a fourth person was being sought, the report concluded.
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