Wednesday, 27 August 2014
Last updated 2 min ago
Mar 2 2012 | 6:58am ET
Hedge fund manager Todd Meister has accused his former personal assistant of stealing almost $1 million from him.
But Meister, better known as the son of former Aon Group executive Robert Meister and the ex-husband of socialite Nicky Hilton—herself best known as the sister of reality television star Paris Hilton—was more than Renata Shamrakova's boss, her lawyer said. Mark Agnifilo suggested that the two had a sexual relationship after his client pleaded not guilty yesterday in Manhattan state court.
Prosecutors charged Shamrakova, who worked for Meister from March 2011 until January, with grand larceny. They say that Shamrakova and her boyfriend opened a pair of American Express card accounts in Meister's name, racking up $900,000 in charges for vacations all around the world. Shamrakova also allegedly bought thousands of pieces of jewelry for an online business she ran with her boyfriend, now co-defendant, Michael Smaye.
Shamrakova then paid off some of the debt with $500,000 from Meister's checking account, using it as her own "personal piggy bank," Assistant District Attorney Cory Jacobs said.
Shamrakova faces as much as seven years in prison if convicted, and prosecutors said they would insist on at least one year in the clink for the Russian-born American citizen, even if she pays Meister back.
Agnifilo said the charges were made "with [Meister's] consent" and that he is "investigating the possibility that there was a romantic component" to their relationship.
"It's a he-said, she-said," he said. "He said this is a theft. She said it is not because there was a relationship."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...