4 men plead not guilty in Dell insider trading case

$61.8 million “criminal club” is one of the largest insider trading rings in U.S. history

Four men who allegedly made nearly $62 million by using insider information to trade Dell Inc. stock pleaded not guilty to conspiracy and securities fraud charges Tuesday.

Level Global Investors LP co-founder Anthony Chiasson; Todd Newman, a former portfolio manager at Diamondback Capital Management LLC; Jon Horvath, an analyst at Sigma Capital Management LLC; and Danny Kuo, a fund manager for Whittier Trust Co., were arrested Jan. 18. The ring reportedly involved five hedge funds and investment firms, according to the office of Manhattan U.S. Attorney Preet Bharara.

Alanna Byrne

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