Friday, 25 July 2014
Last updated 6 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…