Hedge Fund Manager’s Assistant Faces Larceny Trial

Jan 15 2013 | 10:26am ET

The former assistant to hedge fund manager Todd Meister will go on trial next month for allegedly stealing almost $1 million from him.

A Manhattan judge set Feb. 14 for the start of Renata Shamrakova’s trial. The Ukrainian allegedly ran up $900,000 in unauthorized charges on two American Express cards she and her boyfriend opened in Meister’s name. The date is, in its own way, an appropriate one: Shamrakova has alleged that she and Meister were lovers.

Shamrakova’s lawyer indicated that she might want to break that date: He told the judge that they won’t be ready. Joshua Kirshner said he was “sifting through” some “1.75 terabytes of discovery as of a month ago.”

Meister, the co-founder of Pride Rock Management, is better known as the son of Aon Group executive Robert Meister and the ex-husband of socialite Nicky Hilton.

Shamrakova, who remains free on $300,000 bond, faces up to seven years in prison if convicted of embezzlement.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...