Darrell Zimmerman is a Canadian free jazz musician, activist and a former floor trader convicted of wire fraud.
[1] Between 1987 and 1992 Zimmerman worked at a number of positions, but had a hard time dealing with the more complicated, risky market after Black Monday (1987).
He often started situations successfully, and then was fired for his risky, unsuccessful and unauthorized trades; Zimmerman made puts and calls transactions above stipulated limits.
"[1] By 1992 Zimmerman was a floor trader at Lee B. Stern & Company where his "questionable billion-dollar trades jolted the Treasury bond market".
[1][3][nb 2] Anthony Catalfo was named as an accomplice; both men were accused of trying to make a fortune by ignoring the limits placed on the trades.
[7] The men were accused of "taking a large stake in options that would make money if the price of Treasury bonds fell.
He was to have received stock options at Hera, but when the company tried to file the transaction the connection was made by exchange investigators to Zimmerman's Chicago indictment.
[7] Royal Canadian Mounted Police arrested Zimmerman in November 1993 and he fought extradition to the United States for several years.
[1] In June 1994, while Zimmerman was evading extradition, Anthony Catalfo was convicted of six counts of fraud and sentenced to 42 months in jail.
[4] Zimmerman was arrested in Canada in July 1996, extradited back to the United States, and in September of that year pleaded guilty to two of six counts of wire fraud.
[12][14] He appeared on the album Bandas de la Portales with Andres Motta and Gabriel Lauber issued by Jazzorca Records.
[15] Zimmerman played with Remi Alvarez, Hernan Hecht, Carlos Alegre, German Bringas, Itzam Cano, and Gabriel Lauber on the 2007 Free Radical Jazz.
They had taken a trip to Canada but Zimmerman was not allowed to return to the United States without a work permit; The couple then married.