Money Manager Touting Royal Ties Pleads Guilty

Law360, New York (February 2, 2011, 7:21 PM EST) -- A former New York money manager pled guilty Wednesday to charges that he stole more than $7 million from several victims who thought their cash would be used for investments linked to the Chimay royal family of Belgium.

Guy Albert de Chimay, who billed himself as a cousin of the current head of the Chimay family, the Prince de Chimay, pled guilty to grand larceny in the first degree, scheme to defraud in the first degree, forgery in the second degree and a felony violation of...
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