Money Manager Touting Royal Ties Faces Fraud Rap

Law360, New York (June 11, 2010, 7:48 PM EDT) -- The U.S. Securities and Exchange Commission has slapped Chimay Capital Management Inc. and Guy Albert de Chimay with a suit alleging Chimay stole millions of dollars from investors, who thought their cash would be used for investments linked to the Chimay royal family of Belgium, to pay divorce attorneys and fund a lavish lifestyle.

The SEC filed its complaint against Chimay and New York-based Chimay Capital in the U.S. District Court for the Southern District of New York on Friday, adding that it had obtained an...
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