Crime Show Seeks Help To Nab Convicted Hedge Fund Fraudster

Dec 19 2011 | 12:48pm ET

True-crime television shows usually focus on murders, kidnappings and other dark sides of human action. But occasionally the seedier side of the financial world takes center stage.

So it was on the BBC's Crimewatch last week, which featured the story of a convicted hedge fund fraudster. Robert Taylor-Barefoot was convicted in absentia in September of ripping investors off to the tune of £237,000. He was tried in absentia because he is a fugitive, having skipped bail before the trial began.

London's police believe that Taylor-Barefoot has left the country.

Taylor-Barefoot's BBA Capita Capital Management ran into trouble with Jersey regulators almost three years ago for pushing unauthorized investment funds. Later in 2009, the Jersey Financial Services Commission warned that BBA Capital "displays warning signs of being set up for a fraudulent purposes."

And so it was, according to police, with Taylor-Barefoot using client money on his own "lavish lifestyle."

Taylor-Barefoot was convicted on seven counts of false representation and one count each of conspiracy to defraud and contravening a directors disqualification order. He was sentenced to six-and-a-half years in prison.

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…