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Diamondback Capital Todd Newman insider trading trial

At the criminal insider trading trial of Todd Newman, a former manager at Diamondback Capital Management, LLC, analyst Jesse Tortora testified that Newman was an “abusive boss” who was only pleased when he brought Newman illegal stock tips.

Federal prosecutors have accused Newman and Anthony Chiasson, the co-founder of the hedge fund Level Global, of being the most senior members of an eight-person insider trading conspiracy that made about $68 million by illegally trading technology stocks.

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Diamondback Capital Todd Newman insider trading trial
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