MANHATTAN (CN) - Guy Albert de Chimay stole $6 million from clients of Chimay Capital Management by claiming ties with Belgium's royal family, the SEC claims in Federal Court. Rather than pool his victims' money with royal assets, as promised, he "simply stole it," the SEC says, to pay his divorce lawyers, to buy a house in the Hamptons, to pay "massive credit card bills," and to stave off creditors in other losing businesses.
Categories / Uncategorized
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.