Sunday, 29 November 2015
Last updated 1 day ago
May 30 2013 | 11:07am ET
Penn State football champion turned hedge fund manager Paul Pomfret has pleaded guilty to defrauding a client.
Pomfret faces up to 20 years in prison for wire fraud. He admitted he ripped a South Carolina businessman off to the tune of $500,000, using most of the money to make Ponzi scheme payments to existing investors in his Palm Beach, Fla.-based PDP Capital Investments.
Pomfret was a member of Penn State's 1986 national championship team, playing tight end.
Oct 21 2015 | 10:41am ET
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…