Published: April 22, 2011

http://newsok.com/former-oklahoma-hedge-fund-manager-indicted-again/article/3560878

Former Edmond hedge fund manager Mark Trimble faces new charges of wire fraud, mail fraud and money laundering. He currently is serving a 10-year term for money laundering.

An Edmond man serving a 10-year sentence for money laundering is facing new fraud charges for allegedly trading in the commodities market after being barred from such activity.

Mark S. Trimble, a former hedge fund manager, was sentenced to prison in December for diverting investor funds into his own account.

Trimble, 45, was indicted this week on charges of wire fraud, mail fraud and money laundering that could land him behind bars for an additional 30 years.

His attorney could not be reached for comment Thursday.

Federal prosecutors in Oklahoma City allege Trimble engaged in trading after being barred from such activity in March 2009.

The indictment alleges Trimble defrauded his cycling coach by offering to make trades on the other man's behalf, but keeping the money for his own use.

Trimble obtained $111,000 from the coach, who suffered losses of $40,000, the indictment states.

Trimble allegedly convinced the coach to allow him to make trades in his name, directing the other man to send money to his wife and son in multiple transactions between September 2009 and January 2011.

Trimble was ordered to report to prison Jan. 20 at his December sentencing hearing.

Trimble pleaded guilty in April 2010 to money laundering, admitting he had transferred $1 million of a client's money into his own account in May 2007 after it had been given to him to invest in various securities.

He was ordered to pay more than $9 million in restitution when he was sentenced.