Kirk Wright Commits Suicide In Jail

Four days after a federal jury in Atlanta convicted him on 47 counts including mail fraud, securities fraud and money laundering in a massive hedge fund fraud (earlier), former IMA and IMAAG head Kirk Wright was found hanged in his jail cell in Union City (Atlanta area), where he was being held pending sentencing. He was 37. Betty Honey, an investigator with the Fulton County Medical Examiner said it was a suicide and that no foul play is suspected. Wright faced a statutory maximum of 710 years in prison (AP, Atlanta Journal-Constitution).