JONATHAN DAWS TO ADD JUDGE RAYMOND DEARIE TO HIS CHRISTMAS CARD LIST

Jonathan Daws managed the Dallas-based hedge fund firm Gryphon Partners. He pleaded guily in Aprl 2005 of conspiracy to commit securities fraud. Basically, he traded on information he knew he wasn’t supposed to have. Anyway, Judge Raymond Dearie recently sentenced Daws to 500 hours of community service. “This was a colossal misjudgment on your part, but your family circumstances are very compelling,” the judge said. So he decided not to send him to jail, but added this, “Don’t make a fool out of me.”