Tuesday, 28 April 2015
Last updated 50 min ago
Dec 14 2011 | 8:47am ET
An Indiana hedge fund manager agreed to plead guilty to defrauding investors of more than $7 million.
Samex Partners founder Keenan Hauke struck a plea deal with federal prosecutors, agreeing to plead guilty to one count of securities fraud in exchange for a recommended prison sentence of no more than 17 years. The charge carries a maximum sentence of 25 years.
Hauke’s plea deal still requires a judge’s approval.
According to the case against Hauke, formally filed yesterday, Hauke both covered up huge losses suffered by Samex and diverted investor funds for his own use. Hauke’s misdeeds came to light earlier this year when a former Samex employee blew the whistle to state regulators. Shortly after, the Federal Bureau of Investigation began its own probe.
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…