Rep. Grimm Kept Phone In Name Of Fake Hedge Fund Manager

May 22 2014 | 10:23am ET

Before winning election to Congress, Rep. Michael Grimm (R-N.Y.) was an undercover Federal Bureau of Investigation agent. But six years after leaving the bureau, Grimm’s corrupt hedge-fund manager alter ego lived on in his cellular phone.

Grimm’s cell phone was listed under “Michael Garibaldi of Centurian Consulting,” the hedge fund he supposedly ran while undercover, until at least 2012, the New York Daily News reports. Grimm continued to use the phone as his primary number under as recently as last year, and received mail addressed to Garibaldi.

It is unclear why Grimm kept a cell phone registered under the Garibaldi name. Last month, he was indicted on fraud charges related to a restaurant he ran in between his time at the FBI and his election to Congress in 2010.

Grimm has denied the allegations.

Grimm went undercover as Garibaldi, nicknamed “Mikey Suits,” as part of an insider-trading probe.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat