High Times For Hedgie As She Avoids Jail On Pot Bust

Apr 27 2011 | 12:27pm ET

NewStream Capital's head of investor relations won't see jailtime for the veritable forest of marijuana police found growing in her house last year.

Tara Bryson, who was suspended by the Connecticut hedge fund—run by her brother, David Bryson—after her arrest was reported in September, pleaded guilty to drug possession in a deal with prosecutors. She received a one-year suspended sentence and a year of probation, according to freelance reporter Teri Buhl's blog.

Bryson pleaded guilty to a misdemeanor specifying she was in possession of less than four ounces of marijuana, despite the 203 pot plants police say they found in the Newtown, Conn., home she shared with boyfriend Michael Hearl.

Hearl himself pleaded guilty on Friday to possession with intent to sell, cultivation of marijuana and possession of a firearm silencer. He was sentenced to four years in prison—he'll serve two—and five years probation.

It is unclear what Bryson's plans are—Hearl, in an earlier interview, expressed concern that she'd be destitute if he went to jail and she lost her job. NewStream filed for Chapter 11 bankruptcy protection last month.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.