Bloomberg reports that the government’s disclosure about Ganek was made Monday in Manhattan federal court during a hearing outside the jury’s presence in Chiasson’s trial on whether jurors should be shown e-mails that involve Ganek.
'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 Monday’s hearing. 'I will point out in e-mails and IMs, they are objecting to, that Ganek is in that evidence'.
Chiasson and Todd Newman, a former portfolio manager at Stamford, Connecticut-based Diamondback Capital Management LLC, are on trial on charges of trading on inside information in Dell Inc. (DELL) and Nvidia Corp. (NVDA), based on illegal tips provided by analysts who worked for them. Both men have pleaded not guilty to the charges. Ganek hasn’t been charged with a crime.
Greg Morvillo, a lawyer for Chiasson, objected to prosecutors showing jurors the e-mails involving Ganek as part of their questioning of Spyridon 'Sam' Adondakis.
Adondakis, 41, who worked as a technology analyst for Chiasson at the New York-based fund, has pleaded guilty and is cooperating with the U.S. He completed his testimony today at the trial.
Adondakis had testified that on August 11th, 2008, he’d informed Chiasson and Greg Brenner, a Level Global supervisor, that he’d obtained nonpublic information from one of his sources about Dell, which he said was also passed on to Ganek that day, Apps said.
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image: © Lisamarie Babik