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

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note