Hedge Fund Employee Guilty In Kidnapping Plot

Oct 7 2011 | 10:40am ET

A former hedge funder has pleaded guilty—without admitting guilt—to participating in a kidnapping and robbery.

Zeno Daigre, who worked at an unidentified Hartford, Conn., hedge fund, was identified by the manager of the check-cashing business ripped off on July 9, 2008. The manager received a call on that day from her mother, who had been kidnapped by a man with a gun as she got into her car. The man, whom the mother never saw, ordered her to call her daughter.

The man then took the phone and ordered the daughter to empty the safe into a bag. She did, and, prosecutors say, Daigre showed up several minutes later to pick up the bag.

The manager's mother was then dropped off, unharmed.

"She had seen the gun and was unable to focus on anything but the gun at that point," prosecutor Anthony Bochicchio said.

Daigre pleaded guilty to conspiracy to commit first-degree kidnapping with an Alford plea, under which a defendant does not admit guilt, but instead acknowledges that there is enough evidence to convict him.

Daigre will be sentenced on Nov. 30.


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