Tuesday, December 4, 2012

Level Global Co-Founder Ganek a Co-Conspirator



According to Bloomberg Level Global Investors LP co-founder David Ganek was described by a prosecutor as a co-conspirator in an insider-trading scheme that allegedly involved his fellow hedge-fund co-founder Anthony Chiasson.

The government’s claim about Ganek was made yesterday in Manhattan federal court during a hearing outside the jury’s presence in Chiasson’s trial. At issue was whether jurors should be shown e-mails that involve Ganek. The federal judge who is presiding over the case said he will decide later if he will allow the U.S. to show the jury the evidence.

 “There are a number of facts in the record already showing that Ganek is a co-conspirator,” Assistant U.S. Attorney Antonia Apps told U.S. District Judge Richard Sullivan during the hearing. “I will point out in e-mails and IMs, they are objecting to, that Ganek is in that evidence…..”

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