Saturday, 26 July 2014
Last updated 21 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…