Judge Sentences Hedge Funder To 24 Years

Law360, New York (September 8, 2008, 12:00 AM EDT) -- A Colorado state judge has sentenced the president of XL Capital Partners Inc. to 24 years behind bars for his role in a hedge fund scheme that defrauded hundreds of investors out of about $7.5 million.

Judge J. Patrick Kelly of the District Court, City and County of Denver, Colorado, sentenced Hamilton Alan Bird on Friday after the alleged ringleader of the scheme pled guilty in March. Judge Kelly called Bird a “a parasite hanging on the goodwill of the victims” at sentencing, according to the...
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