Former Oklahoma hedge fund manager pleads guilty again
Former Edmond hedge fund manager Mark Trimble pleaded guilty to money laundering. Trimble already is serving a 10-year sentence on similar charges.
A former Edmond resident pleaded guilty Tuesday to money laundering as part of an investment scheme.
Mark S. Trimble, a former hedge fund manager, already is serving a 10-year prison sentence on similar charges.
He could be ordered to serve another 10 when he is sentenced on the new charge in a few months.
Trimble, 45, was sentenced to prison in December after admitting to diverting investor funds from Phidippides Capital Management LLC into his own account.
He had been barred from commodities trading in March 2009 as a result of that case, but federal prosecutors in Oklahoma City accused him of defrauding his cycling coach by offering to make trades on the other man's behalf and keeping the money for himself.
Trimble obtained $111,000 from the coach, who suffered losses of $40,000, according to an indictment returned in April.
Trimble, who already has been ordered to pay more than $9 million in restitution to former clients, agreed to reimburse the coach for his losses, according to prosecutors.
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