Saturday, 20 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.