Thursday, 25 December 2014
Last updated 16 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.