Tuesday, 26 May 2015
Last updated 1 hour ago
Dec 11 2008 | 4:44am ET
For the Beaches, suing hedge fund honcho Paul Touradji is a family affar.
Gentry Beach this week accused Touradji Capital Management, Touradji’s New York-based commodities hedge fund shop, of withholding four years’ worth of bonuses. Two months ago, Gentry Beach’s father, Gary, sued Paul Touradji and his DeepRock Venture Partners for allegedly defrauding his investment firm.
Gentry Beach’s complaint, filed in New York State court in Manhattan, accuses Touradji of “extreme and outrageous” behavior. Among the allegations are threats to “kill the plaintiff, harm his family, ruin his marriage and destroyed his career in the hedge fund industry.” Beach, who joined Touradji as a money manager in 2005 and resigned in September, is seeking $23 million.
Meanwhile, in Texas, Gary Beach says Touradji “threatened and slandered” the managers of a joint venture between Beach Capital Partners and DeepRock, Playa Oil & Gas. The alleged fraud cost Beach Capital $8.2 million, according to the complaint.
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…