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Thursday, January 29, 2015

Ex-Contrarian Capital Controller Guilty in $9 Million Theft

Lawrence Herzing was arrested Oct. 29 and accused of using his position at Greenwich, Connecticut-based Contrarian to wire $9.2 million to accounts he controlled from 2004 to 2013, Connecticut U.S. Attorney Deirdre M. Daly said in a statement. Herzing, who is free on a $5.6 million bond and has agreed to forfeit his residence and about $1.8 million, pleaded guilty Thursday before U.S. District Judge Jeffrey Alker Meyer in Bridgeport.

http://washpost.bloomberg.com/Story?docId=1376-NIYRJ16JTSEM01-3JN8MU649E3MBOS58K8LGF5UD1

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