Hedge fund (fiend?) Mark D. Lay, who lost a whole bundle of the Ohio Bureau of Worker Compensation's money now has a trial date. Indicted by a federal grand jury just last month, Lay will face the music on September 4th, when he'll get a chance to tell his side of the "I pissed away $216 million of your money" story. And good luck to him. Further details on the trial here.

-- MDT

Labels: Fraud, hedge fund, Mark Lay, MDL Capital Management, Ohio