SEC: Fund Manager Misappropriated Millions In Investor Funds

(June 19, 2024, 8:57 AM EDT) -- TRENTON, N.J. — An investment fund and its founder and chief investment officer led a three-year scheme that bilked investors out of at least $3 million, the Securities and Exchange Commission says in a suit filed in a New Jersey federal court, claiming that the man at the heart of the scheme lost millions of dollars of investors’ money in high-risk trades and then falsified documents to hide the losses....

Attached Documents

Related Sections