Saturday, 25 October 2014
Last updated 18 hours ago
Sep 16 2013 | 11:09am ET
A member of Penn State's 1986 national champion football team has been sentenced to more than five years in prison for running a Ponzi scheme.
Paul Pomfret was hit with a 63 month sentence for stealing $500,000 from a South Carolina businessman. He pleaded guilty in May to wire fraud, admitting that he used most of the money to pay off earlier investors in his fund of hedge funds, PDP Capital Investments.
Pomfret was also ordered to pay $1.6 million to his victims.
Pomfret played tight end at Penn State.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.