Wednesday, 1 April 2015
Last updated 4 hours ago
Jul 2 2009 | 3:52am ET
A 3V Capital Management executive has been charged with stealing a quarter of a million dollars from a hedge fund managed by his firm.
Mark Focht, chief operating officer of Greenwich, Conn.-based 3V, was charged with grand larceny and forgery. According to prosecutors, he forged an authorization form two years ago allowing him to withdraw the money from an account for the Pierce Diversified Strategy Master Fund, and forged more documents to cover it up a year later.
Focht allegedly used the stolen $250,000 to make a personal investment.
He faces up to 15 years in prison if convicted.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…