Ex-Hedge Fund Head Gets 2 1/2 Years For Lying About Losses

Law360, New York (September 26, 2013, 7:50 PM EDT) -- Thomas Hampton, the former head of Arizona-based hedge fund Hampton Capital Markets LLC, was sentenced on Thursday to 30 months in prison for hiding millions of dollars in trading losses from his investors.

U.S. District Judge Robert W. Sweet imposed the prison sentence at a hearing in a New York federal court. Hampton pled guilty in April to securities fraud, admitting that Hampton Capital, which dealt in exchange-traded funds, told investors that the fund was making money when it was in fact suffering substantial losses. ...
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