Sunday, 29 November 2015
Last updated 1 day ago
Nov 24 2010 | 5:03am ET
A 24-year-old Connecticut man has been charged with ripping off two people by claiming to work for a hedge fund that does not exist.
Mark Traisman convinced a 26-year-old to invest $30,000 with him, according to Stamford police. He allegedly told the man that he worked for a hedge fund called RPR International, promising monthly returns of $7,000 to $8,000—a tidy 23% a month.
Traisman's victim withdrew $33,600 from a joint account he held with his mother. To facilitate the alleged larceny, Traisman forged the mother's signature, according to police, earning himself a forgery count, as well.
The alleged victim never saw the money again, police say. They also say that RPR International doesn't exist.
After being booked by Stamford police, Traisman was shipped to Wilton to be charged with larceny for a separate crime. He faces up to 20 years in prison if convicted.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…