Saturday, 28 November 2015
Last updated 20 hours ago
Jul 24 2013 | 9:26am ET
Having admitted to brazenly ripping off her boss to the tune of almost $1 million, hedge fund manager Todd Meister's former assistant has struck upon a rather brazen way to pay him back: with your money.
Renata Shamrakova, who pleaded guilty to stealing $821,000 from the Pride Rock Management co-founder, needs to pony up half that amount in December to stay out of jail. The trouble is, Shamrakova's parents have had no luck selling a piece of property in upstate New York, the proceeds of which were to cover the restitution. So Shamrakova is seeking to crowdsource the funding, via a GoFundMe.com page, "Restitution for Renata."
Shamrakova, who made a brief court appearance yesterday, told the New York Daily News that she doesn't "expect people to feel bad for me; I'm just using the resources that are available to me." Despite that disclaimer, the GoFundMe page urges would-be donors to see that Shamrakova deserves "a second chance to restart my life while there is still an opportunity to do so."
"I am 28 years old and a prison sentence would ruin my life both on a real level, as a health risk due to a fainting condition, and on an emotional level," she wrote. She also all but asked for a job, citing her "entrepreneurial spirit and the right eye to make my own skills come to life" and seeking "someone who does real estate development in the Catskills or a mentor."
It's unclear if the latter plea has produced results, but in spite of 98 shares on Facebook, Shamrakova's request for financial assistance have produced only $175 in pledges.
Should her luck turn around, and leave her with a profit after repaying Meister, Shamrakova told the News she'd invest the money in a company that employs women in Africa. If not, she'll got to prison for at least one year.
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…