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...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Chimay Capital Management, Inc. et al

Case Number



New York Southern

Nature of Suit



William H. Pauley, III

Date Filed

June 11, 2010

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.