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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Belgian Royal Family, Hey?

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.

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