Friday, 26 December 2014
Last updated 2 days ago
Mar 11 2014 | 8:12am ET
Hedge-fund-administrator-turned-Manhattan-madam Kristin Davis has pleaded guilty to drug charges.
Davis reached a plea deal on drug possession and distribution charges on Friday. The agreement with prosecutors will see her jailed for up to five years—far less than the 80 she originally faced. Her lawyer said he hopes she'll be able to avoid jailtime when she is sentenced on July 25.
Davis was arrested for selling a number of prescription drugs, including Oxycodone and Xanax, to a drug dealer working with the Federal Bureau of Investigation. At the time, she was running for New York City comptroller—the same office sought by former New York Gov. Eliot Spitzer, who said he was a client when she ran a prostitution ring.
"Today, Ms. Davis took responsibility for her actions," Dan Hochheiser, her lawyer, said. He added that she plans to return to school.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.