Friday, 27 March 2015
Last updated 4 hours ago
Jul 13 2011 | 10:52am ET
For the second time in little over a year, hedge fund fraudster Mark Trimble has pleaded guilty to fraud charges.
Trimble admitted yesterday that he defrauded his cycling coach of $111,000 after his Phidippides Capital Management Ponzi scheme collapsed in 2009. That year, the Commodity Futures Trading Commission barred him from trading, a ban he violated when he invested his coach's money between 2009 and earlier this year.
The coach lost some $40,000 of the money he invested with Trimble, who had it sent to bank accounts in the names of his wife and son. And as with his previous scam, prosecutors say Trimble used much of the money on himself.
Trimble has agreed to refund his coach the money as part of his plea to the money laundering charge.
Trimble pleaded guilty to his first $34 million scam in April of last year, and was sentenced to 10 years in prison in November. He faces another 10 years when he is sentenced for his more recent crime.
Mar 9 2015 | 6:35am ET
As 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…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…