Home   /  Business

advertisement


Former hedge fund manager pleads guilty to wire fraud

By Jeff Ostrowski - Palm Beach Post Staff Writer



Paul Pomfret, a former hedge fund manager who played tight end for Penn State’s national championship football team in 1986, faces up to 20 years in federal prison after pleading guilty to wire fraud.

Federal prosecutors last year accused Pomfret of defrauding a South Carolina businessman of $500,000. The unnamed victim met Pomfret in the Cayman Islands in 2010 and agreed to invest in Pomfret’s hedge fund, PDP Capital Investments of Palm Beach, prosecutors said.

Read the complete story...

Subscribers get total access to this story, and all our in-depth news, digital editions and exclusive content. Subscribe today, or try a 24-hour or 7-day digital pass.

Registered Post Subscriber — Sign me in.

Sign In

Post Print Subscriber — I need to register my account for digital access.

Access Digital

All Day Access — 24-hour digital pass

99¢ for 24 hours

All Week Access — 7-day digital pass

$3.99 for 7 days

All Access, All the Time — Print & Digital

View Offers

Popular on MyPalmBeachPost.com


advertisement

advertisement


We’re Listening

We hope you’re enjoying MyPalmBeachPost.com, our premium website exclusively for subscribers. Please tell us what you like and what we can do to make it even better by completing this brief survey.

Complete Survey

Read Today's Paper online

Read Today's Paper online

Still like to read the newspaper in the familiar page-by-page format? Great news! Digital versions of today's paper are available on your computer or tablet. And it's included in your subscription.

Learn moreRead