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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note