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The Boston Globe

Business

Hedge fund boss gets 6 ½ years in insider case

NEW YORK — The cofounder of a Connecticut hedge fund who authorities said made his firm nearly $70 million in illegal profit through insider trading was sentenced Monday to 6½ years in prison.

Anthony Chiasson, 39, of Manhattan, had been convicted in December of five counts of securities fraud and one count of conspiracy to commit securities fraud. US District Judge Richard Sullivan also ordered him to pay a $5 million fine.

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