Sunday, 29 March 2015
Last updated 1 day ago
Sep 23 2009 | 2:46am ET
A former Maryland hedge fund manager has been ordered to pay $9.5 million in an alleged fraud case.
The Maryland attorney general’s office announced the ruling against John Henry Williams in Prince George’s County Circuit Court. According to attorney general’s office’s securities division, Williams defrauded more than 150 investors in his LaJon Capital Management and several related entities of some $9 million. Most of the money invested with Williams was lost, according to prosecutors, but Williams hid those losses from investors.
The ruling against Williams comes more than two-and-a-half years after the securities division entered a consent order that found he had committed securities fraud. Williams, who allegedly used free lunch seminars to lure in potential victims, has since filed for bankruptcy.
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…