Hedge Fund News From HedgeCo.Net

Former CFO faces sentencing for hedge fund theft

AP – A New York man faces sentencing for embezzling more than $1 million from a hedge fund in Westport where he was chief financial officer.

Darrin Foster, formerly of the Bronx, is scheduled to be sentenced Thursday in U.S. District Court in New Haven. He pleaded guilty in October to wire fraud.

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