Former Vicis executive sentenced to two years of probation
By Anastasia Donde
Tue Mar 1, 2011
A former managing director at the once-$5 billion convertible arbitrage hedge fund pleads guilty to conspiracy to commit wire fraud.
Christopher Phillips, a former managing director at Vicis
Capital, was sentenced to two years probation this past
Wednesday after pleading guilty to one count of conspiracy to
commit wire fraud. Phillips has also been sentenced to 12
months of home confinement including electronic monitoring and
ordered to pay a $250,000 fine, according to Seth Aframe, an
assistant U.S. attorney who prosecuted Phillips at a federal
ISSN: 2151-1845 / CDC10004H
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