Chimay Capital charged with fraud
Chimay Capital told investors it was the investment arm of a family based in the Chimay region of Belgium, one that dated to the 14th century. But that was all bull, the SEC (SEC news) charged in a suit. The head of the fund was Guy Albert de Chimay, which sounds royal enough. He was arrested in North Carolina, for apparently using investor money for personal items, such as a house in the Hamptons and a good divorce lawyer. Article
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