Car breakdown leads to 41 months in jail for hedge fund CFO

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Darrin Foster formerly of the Bronx, spent six years using a Westport hedge fund as his personal piggy bank and two years on the lamb from law enforcement, will head to jail to serve 41 months for embezzlement.
Foster, a former CFO of a Westport hege fund, was sentenced Thursday by U.S. District Judge Janet Bond Atherton in New Haven for embezzling $1 million from his employer over a six year period.
The government said Foster ran up personal charges on his corporate American Express card and then tapped the hedge fund’s bank accounts to pay them between September of 2004 and July of 2010.
His crime is just now being punished as he evaded law enforcement for two years after leaving his job until his car broke down in New York in May of 2012. A New York State Policeman saw him and stopped to help and that’s pretty much where his run ended.
According to police, Foster tried to provide a fake name to the helpful officer, who eventually discovered who he was and that he was wanted.
Foster pleaded guilty in October to wire fraud. He will also serve three years of probation after prison.
Rob Varnon

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