Tuesday, 31 March 2015
Last updated 2 hours ago
Feb 28 2012 | 5:32am ET
This time, the judge went easy on him.
Former hedge fund manager Mark Trimble was sentenced to 15 months in prison for ripping off his cycling coach to the tune of $40,000. The Phidippides Capital Management founder could have received 10 years in prison.
Of course, Trimble is already serving 10 years for running a $34 million Ponzi scheme. He managed to get into trouble again in 2009 while awaiting trial in that case, both defrauding his coach and violating a Commodity Futures Trading Commission ban from trading.
Trimble pleaded guilty in both cases.
In the most recent, he was ordered to pay $41,000 in restitution to his coach—on top of the $9 million he was ordered to pay Ponzi scheme victims in 2010.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…