Fog/Mist 44°
Tag:

Private Equity

News
Ex-CEO From Region Sentenced For $58 Million Fraud Ex-CEO From Region Sentenced For $58 Million Fraud
Ex-ceo From Region Sentenced For $58 Million Fraud The founder and former chief executive officer of a private equity investment firm in the region will be sent to prison in connection with a securities scheme in which federal authorities say he fraudulently induced hundreds of individuals to invest a total of approximately $58 million in two real estate funds. Fairfield County resident Eric Malley, age 51, of New Canaan was sentenced to five years in prison on Thursday, Dec. 2. In addition to the prison term, Malley was sentenced to three years of supervised release and ordered to make restitution in the amount of $33,249,822.12 and …

SHARE

by Joe Lombardi
Police & Fire
Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says
Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says The death of Devon Dalio, who died in a fiery car crash into a retail store in Fairfield County, has been categorized as accidental by the state Office of the Chief Medical Examiner. Dalio, age 42, the son of billionaire hedge fund investor Ray Dalio died of smoke inhalation and thermal injuries on Thursday, Dec. 17, the M.E.’s office said Friday, Jan. 22. The office said no other information would be released regarding the crash. The crash took place at the Riverside Commons Shopping Center located at 1233 East Putnam Ave., in Greenwich when Dalio's 2016 Audi, drove over the parking strip…

SHARE

by Kathy Reakes