Wednesday, 1 April 2015
Last updated 4 hours ago
Mar 26 2012 | 1:46pm ET
A former Indiana hedge fund manager has received a decade in prison for ripping investors off to the tune of more than $7 million.
Keenan Hauke was also ordered to pay $7.1 million in restitution. He had faced as much as 17 years in prison under a plea deal reached in December.
Hauke told U.S. District Judge Tanya Walton Pratt that he was willing "to spend the rest of my life living with nothing but necessities until restitution is complete."
The Samex Partners founder pleaded guilty to securities fraud. According to prosecutors, Hauke both covered up huge losses suffered by Samex and diverted investor funds for his own use. Hauke’s misdeeds came to light earlier this year when a former Samex employee blew the whistle to state regulators. Shortly after, the Federal Bureau of Investigation began its own probe.
Pratt ordered Hauke to begin serving his sentence immediately at the federal prison in Terre Haute, Ind., just 100 miles from Hauke's home in Fishers.
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…