Sunday, 1 March 2015
Last updated 2 days 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…