Thursday, 21 August 2014
Last updated 4 hours ago
Mar 31 2010 | 2:30am ET
A Florida hedge fund manager has been cleared in a 2006 boating accident that left two college students dead.
Miami-Dade County prosecutors have determined that the Biscayne Bay collision was a “tragic, unfortunate and horrible accident.” They dropped a misdemeanor charge of violating navigational rules against the hedge fund manager, Roland Desrochers.
Desrochers’ boat, the Intrepid, collided with a three-boat flotilla. Florida International University students James Noel and Monica Burguera were killed. Noel had rented six boats for his friends to celebrate his birthday and was on one that died, which was being towed back to the rental company, Club Nautico. The towing boat also stopped to pick up another disabled boat that it came across.
Prosecutors determined that “the lack of lights on behalf of the tow flotilla of boats was a major contributing factor to the accident.”
Both Desrochers and Club Nautico have settled civil suits with the victims’ families.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note