• 02 Feb 2011 at 6:00 PM

Wall Street Warrior Pleads Guilty To Fraud

By

Guy Albert de Chimay, the hedge fund manager who appeared on the first season of Wall Street Warriors telling the world “Wall Street takes the brightest people and smashes them into the pavement on a regular basis” and “Wall Street guys have really made the Hamptons what it is,” pleaded guilty today to grand larceny in the first degree, a scheme to defraud in the first degree, securities fraud and forgery in the second degree. GdC had been accused of using clients’ funds to put towards his divorce bill and beach house, in addition to claiming that using alleged ties to the Chimay Brewery in Belgium as a pitch in reeling in new clients (GdC said he managed money for the royal family).

“We’re a family, a small family,” Guy said last summer. “There are birth certificates, marriage certificates; they don’t lie,” he argued during a jailhouse interview. Unfortunately, the whole thing started to unravel when the financial crisis went down and today the former Warrior, still swearing to be a descendant of Belgian Trappist monks admitted, “I did not have the intention or ability to return the investors’ money.”

This was the delightful statement by his lawyer: “Mr. de Chimay realizes the collapse of the financial markets does not excuse his actions, but it explains it. He’s always been a hard-working guy and he’s going to work hard and make whole the half dozen or so victims of this sad episode.”

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Comments (24)

  1. 1
    Posted by 2StopShop | February 3, 2011 at 12:02 AM

    I saw that one… sad episode indeed.

  2. 2
    Posted by Anal_yst | February 3, 2011 at 12:18 AM

    Can we get a full “Wall Street Warriors: Where Are They Now?” investigation? Still long & strong SNDK?

  3. 3
    Posted by dvolatility | February 3, 2011 at 12:21 AM

    Tim Sykes is still killing it! http://www.timothysykes.com/2011/02/how-i-made-30000-in-one-day-from-a-rest-stop-in-molly-pitcher-new-jersey/

  4. 4
    Posted by RachelNicols | February 3, 2011 at 12:40 AM

    That smile says “pure asscancer.”

  5. 5
    Posted by B. Madoff | February 3, 2011 at 12:55 AM

    Any legitimate investment advisor has an independent custodian for all client assets. Just sayin.

  6. 6
    Posted by stating the obvious | February 3, 2011 at 1:01 AM

    Trading penny stocks from a rest stop in Molly Pitcher, NJ is the new killing it?

  7. 7
    Posted by danker_banker | February 3, 2011 at 1:10 AM

    Chimay get butt reamed in prison

  8. 8
    Posted by POTUS 42&44 | February 3, 2011 at 2:42 AM

    We beg to disagree, birth and marriage certificates are fungible.

  9. 9
    Posted by Jizz'n water bottles | February 3, 2011 at 3:02 AM

    insert non-funny comment ^^

  10. 10
    Posted by Anonymous | February 3, 2011 at 4:05 AM

    you just made shit real.

  11. 11
    Posted by Guest | February 3, 2011 at 1:07 PM

    I bet he pronounces his name “Gee” with a hard “G” too.

  12. 12
    Posted by Ray Finkle | February 3, 2011 at 1:14 PM

    I’m thinking more along the lines of A2M…..

  13. 13
    Posted by Ray Finkle | February 3, 2011 at 1:14 PM

    D+

  14. 14
    Posted by Drugs Delaney | February 3, 2011 at 1:29 PM

    what a raging douchebag. other than that, there are still numerous concerns

  15. 15
    Posted by Dave C. | February 3, 2011 at 2:05 PM

    kept

  16. 16
    Posted by BobZamuda | February 3, 2011 at 2:12 PM

    This guy is pure class, from head to toe. PURE CLASS.

  17. 17
    Posted by Ray Finkle | February 3, 2011 at 2:24 PM

    Is there a punchline hidden there somewhere?

  18. 18
    Posted by The European | February 3, 2011 at 2:24 PM

    Now, just like his great, great grandfather he leads a life of serious contemplation amongst other men, far removed from the temptations of the material world.

    What a beautiful tribute to his made-up roots!

  19. 19
    Posted by Guest | February 3, 2011 at 3:02 PM

    i see what you did there…

  20. 20
    Posted by Irwin M. Fletcher | February 3, 2011 at 3:03 PM

    Ben, nice to meet you.

  21. 21
    Posted by Danielbelmont9 | February 3, 2011 at 3:03 PM

    What was the name of the hedge fund?

  22. 22
    Posted by Anonymous | February 4, 2011 at 2:15 PM

    Making $30k in one day beats the cubicle routine most of you currently enjoy :)

  23. 23
    Posted by Anonymous | February 4, 2011 at 2:15 PM

    hell yes we should!

  24. 24
    Posted by tinogyfre | April 18, 2012 at 4:48 AM

    lJ8OAt ayaqvtpcjivv, [url=http://xycuumklqetg.com/]xycuumklqetg[/url], [link=http://cuqvxsqievgs.com/]cuqvxsqievgs[/link], http://adodecaokjgd.com/

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