Saturday, 18 April 2015
Last updated 13 hours ago
Aug 9 2013 | 10:29am ET
A British hedge fund manager who escaped from prison just six months into a four-and-a-half year sentence could be sent to the U.S. to face justice.
Marc Duchesne pleaded guilty in 2009 to defrauding investors in his Benchmark Asset Management out of £15 million. Promising high returns and the safety of their investments, Duchesne was actually spending their money on a lavish lifestyle, featuring a fleet of luxury cars and tens of thousands of dollars on cigars and cosmetic dentistry.
Duchesne was sent to prison, but escaped from the open facility after just six months. He was arrested last year in Switzerland and returned to the U.K., where he now faces extradition to the U.S.
Duchesne's extradition hearing is scheduled for Sept. 5. His lawyer argued that Duchesne should not be sent to the U.S. as non-extradition to a third country was part of the agreement with the Swiss that sent him to London, and that "it would be disproportionate to subject him to another prosecution."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…