Monday, 6 July 2015
Last updated 4 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…