- 2010
- $0
Investment management company and its managing member defrauded investors in eleven unregistered hedge funds under their control using a variety of tactics, including materially false and misleading sales materials and oral statements regarding the performance of the funds, and fake audits of financial statements by a fictitious accounting firm. Approximately $133 million was lost prior to the SEC’s injunction, out of $290 million raised. The individual defendant was sentenced to 40 years in prison.
