Monday, 27 April 2015
Last updated 2 days ago
Apr 17 2012 | 12:32pm ET
A hedge fund insider-trader has been sentenced to one year in prison for trading on tips from his brother-in-law and a college buddy.
James Turner was also fined $25,000 and sentenced to three years of supervised release following his prison term. The former Clay Capital Management chief investment officer pleaded guilty in December to earning more than $2.5 million in illegal profits, and had faced as much as 20 years in prison.
According to prosecutors, Turner began getting insider tips from Scott Vollmar and Scott Robarge in 2006, covering three different companies. Both Vollmar and Robarge have pleaded guilty as well and await sentencing next month.
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…