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Wednesday, October 29, 2014

Ex-controller charged with embezzling from Connecticut hedge fund

The former controller of Contrarian Capital Management LLC was arrested on Wednesday and charged with embezzling millions of dollars from the Greenwich, Connecticut-based hedge fund firm, federal prosecutors said. Lawrence Herzing, 45, who lives in Greenwich, was accused of improperly wiring money from his employer to accounts he controlled at least 32 times between 2004 and 2013.

http://www.reuters.com/article/2014/10/30/contrariancapital-lawsuit-idUSL4N0SO90120141030?feedType=RSS&feedName=privateEquity

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