A New York resident pleaded guilty to embezzling $1.1 million while CFO of a Westport hedge fund.
The office of U.S. Attorney David Fein did not identify the name of the hedge fund in a press release.
Darrin Foster, a 46-year-old former resident of the Bronx, admitted to ringing up thousands of expenditures on a corporate credit card, then paying off the bills using the hedge fund’s bank accounts without authorization.
Foster was arrested in May and has been detained since. He is scheduled to be sentenced in January and faces up to 20 years in prison.
