Wednesday, 1 October 2014
Last updated 1 hour ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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