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School Trustee gets 6 Years for Securities Fraud
05/14/2013 10:15 AM ET  

The U.S. Attorney's Office in the Southern District of New York said Monday that 39-year-old Anthony Chaisson also has been ordered to pay a $5 million fine.

PORTLAND, Maine (AP) _ A graduate of Cheverus High School and former trustee of the Jesuit school in Portland, Maine, has been sentenced to more than 6 years in prison for his role in an insider-trading scheme.

The U.S. Attorney's Office in the Southern District of New York said Monday that 39-year-old Anthony Chaisson also has been ordered to pay a $5 million fine.

Chaisson, a co-founder and former manager of Level Global Investors LP, was convicted in December on securities fraud charges.

The Portland Press Herald reports that he was among seven analysts and fund managers arrested on charges stemming from the scheme, which involved trading on inside tips from employees at Dell Inc. and Nvidia Corp. in 2008 and 2009. Prosecutors say the scheme netted nearly $70 million.


 

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