Hedge fund honcho David Ganek can breathe easier. Sam Adondakis, a former analyst at Ganek’s $4
billion Level Global, testified that while he told plenty of folks at the
now-defunct firm that he was getting illegal stock tips from a Dell insider,
Ganek wasn’t one of them.
Sandy Goyal, a former Neuberger Berman analyst, pleaded
guilty to obtaining confidential earnings data from his contact at Dell and
then passing it on to Adondakis and others.
“What if anything did you tell Mr. Ganek about Sandy Goyal’s
contact at Dell?” prosecutor John Zach asked the analyst Wednesday. “I never told him about it,” Adondakis said.
Anthony Chiasson, Adondakis’ former boss at Level Global and
Ganek’s former right-hand man, is on trial for allegedly participating in the
scheme, which earned the firm millions…. Ganek, who is also a top art
collector, came up again during cross-examination when Chiasson’s lawyer, Reid
Weingarten, whipped out FBI interview notes that he said suggested Adondakis
initially ratted out both Chiasson and Ganek…..
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