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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…