George Trimis was once seen as the force behind a $1.3bn dive into dry bulk with a string of newbuildings said to have been booked at two Chinese shipyards.

Now, instead of overseeing a fleet of bulkers, the Greek-born New York entrepreneur is locked up in a federal prison.

In a criminal case that has flown under the radar despite Trimis’ involvement in the shipping industry, he pleaded guilty last year after law enforcement accused him and an associate of using falsified records to secure a bank loan and then diverting the funds, partly into an investment in what was then tanker owner General Maritime.