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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…