Oklahoma Ponzi Schemer Gets 10 Years

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.

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