New York (HedgeCo.net) Former hedge fund manager, Mark S. Trimble, of Edmond, Oklahoma, was sentenced to serve 10 years in federal prison for money laundering.
Trimble, 44, pleaded guilty in April to money laundering. Trimble’s hedge fund, Phidippides Capital Management, was used to divert $1,000,000 of investor funds to his own account, the prosecution claimed. The judge also ordered Trimble to serve two years of supervised release following his prison term and pay $9,045,451.23 in restitution to investors.
The investigation was conducted by the FBI, the Criminal Investigative Division of the IRS, and the United States Secret Service.
Alex Akesson
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