Friday, 19 September 2014
Last updated 2 hours ago
Dec 22 2010 | 11:35am ET
Admitted hedge fund fraudster Mark Trimble can spend the next decade thinking about what he’s done.
U.S. District Judge Timothy DeGiusti sentenced the former Oklahoma hedge fund manager to 10 years in prison and ordered him to pay more than $9 million in restitution. Trimble pleaded guilty in April to stealing client assets and moving them into his personal accounts.
According to the Commodity Futures Trading Commission, Trimble’s Phidippides Capital Management was a $34 million Ponzi scheme.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.