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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note