Tuesday, 31 March 2015
Last updated 32 min ago
Sep 25 2013 | 12:13pm ET
A phony hedge fund manager has been sentenced to six years in prison for ripping victims off to the tune of $1.4 million.
Scott Atkins defrauded more than 50 clients, telling them that he was a hedge fund manager and lawyer. He pleaded guilty in April to fraud and tax-evasion charges.
"Atkins is a scam artist," Carolyn Weber of the Federal Bureau of Investigation said. "He took money from people with no intention of producing what he promised. He used the money for his own personal gain."
Atkins was also ordered to pay $1.7 million in restitution and $271,000 to the Internal Revenue Service, as well as to serve three years probation after his release.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…