Hampton Capital Markets Chief Cops To Fraud Charge

Law360, New York (April 19, 2013, 6:10 PM EDT) -- The head of hedge fund Hampton Capital Markets LLC pled guilty Friday in New York to commodities fraud, admitting he concealed millions of dollars in trading losses.

Thomas Hampton, 44, entered a plea to a single count of securities fraud before U.S. Magistrate Judge James C. Francis IV in New York federal court. He faces a theoretical maximum sentence of 10 years in prison.

Prosecutors said Hampton, whose firm dealt in so-called exchange-traded funds, told investors that Arizona-based Hampton Capital was making money even as it...
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