Mr. Chiasson, 39, who did not address the court, was ordered to pay a $5 million fine and forfeit illegally obtained proceeds of as much as $2 million.
DealBook » Ex-Hedge Fund Manager Sentenced in Insider Trading Case | Anthony Chiasson, a founder of Level Global Investors, was ordered to pay a $5 million fine and forfeit illegally obtained proceeds of as much as $2 million.
DealBook » Former Fund Manager Sentenced in Insider Trading Case | Anthony Chiasson, a founder of Level Global Investors, was ordered to pay a $5 million fine and forfeit illegally obtained proceeds of as much as $2 million.
As part of the deal, Galstian agreed to forfeit assets obtained through the scheme, including a number of vehicles as well as properties in Northridge, Sherman Oaks, Tujunga and Las Vegas.
If convicted, the government demanded that Mr. McNeal forfeit the profits obtained from the illegal kickbacks and any property that was purchased with those proceeds, including 10 properties in Florida.
The founder, Gary Kaplan, 50, must also forfeit $43.6 million in illegally obtained revenue as part of a plea agreement.
It also provides that racketeers must forfeit all ill-gotten gains obtained through a pattern of criminal activity, and allows government prosecutors to obtain pre-trial restraining orders to seize defendants' assets.
Mr. Hanssen has agreed to forfeit the money he may have obtained from Moscow for his espionage, as well as any money he might earn from a future book or other ventures.
"If our goal is to curb crime, we should simply abolish civil forfeiture" and only forfeit property after a criminal conviction is obtained, she added.
Last month, the administration unveiled a plan to revise corporate and accounting rules, including a proposal that executives be forced to forfeit any gains from stock sales that might have been obtained through fraudulent or improper conduct.
If you are pursuing a CPA affiliated with a master's degree program at SPS, you may be able to apply that coursework toward the degree program, but in doing so, you forfeit your ability to obtain the CPA, as coursework at Columbia cannot be applied toward the completion of more than one program.
