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DA: 'Wall Street Warrior' Charged With Defrauding Three Other Victims

By DNAinfo Staff on October 28, 2010 7:00pm

Guy De Chimay at an earlier court appearance.
Guy De Chimay at an earlier court appearance.
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DNAinfo/Josh Williams

By Shayna Jacobs

DNAinfo Reporter/Producer

MANHATTAN SUPREME COURT — A former hedge fund manager already charged with a $7 million Ponzi scheme was slapped with new financial fraud charges, the DA said Thursday.

Guy De Chimay, 47, was charged with scamming an additional $690,000 from three more victims. He was charged in June with defrauding multiple others in a multi-million dollar scheme.

Prosecutors said he took money he purported to be investing and used it as a "personal piggy bank" to pay his attorneys, credit card bills, a mortgage on his home in the Hamptons and rent on his apartment in the city.

De Chimay, who was feautured on the reality series "Wall Street Warriors,"  was ordered held on $2 million bail Thursday.

Manhattan Supreme Court Judge Gregory Carro said he believed De Chimay would be a flight risk if released because of a history of international travel and his ability to access money.

De Chimay faces up to 15 years in prison if convicted of the top count.