Press Releases


Statement Of Manhattan U.S. Attorney Preet Bharara On The Convictions Of Todd Newman And Anthony Chiasson

FOR IMMEDIATE RELEASE
Monday, December 17, 2012

“With today’s guilty verdicts, Todd Newman and Anthony Chiasson join the ranks of high-level investment fund managers who are being made to answer for their extraordinarily bad risk-reward analysis about what is right and what is wrong. Every member of this close-knit criminal club now stands convicted. Like scores of privileged professionals before them, Newman and Chiasson are finding out the hard way that the opportunity cost of gaining an illegal edge in the market is the loss of one’s liberty.”

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