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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of