Man Arrested For Collecting Cans To Start A Hedge Fund

Apr 6 2011 | 3:47am ET

A Connecticut man has been arrested for trying to start a hedge fund—five cents at a time.

Police in West Hartford said that Brent Goggins was “going door-to-door collecting cans because he was using them to get money to start a hedge fund.” Unsurprisingly, the people of Fenwood and Exeter avenues and Carol Road were suspicious, and alerted police.

Goggins, 32, was charged with soliciting without a permit. It’s not his first run-in with the law; he pleaded guilty to resisting arrest in 2007.

Speaking of resisting arrest, Goggins’ collar came with a bonus for law enforcement: He was knocking on doors with one Charles Cravish. Cravish, it turns out, is a fugitive, having been charged with resisting arrest in Florida.

Goggins was released on $100 bond, posted by his girlfriend despite the fact that Goggins and Cravish were using her car for their caper and got it towed. Cravish faces extradition to Florida.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note