SEC Charges Hedge Fund Manager in Scheme Involving Terminally Ill

The Securities and Exchange Commission is pressing fraud charges against a hedge fund manager and his firm, accusing them of paying individuals with terminal illnesses to use their names for purportedly joint brokerage accounts, the regulator said Monday. The accounts were then used to purchase investments on behalf of fund manager, who would redeem them early…

fraud photo
Photo by theglobalpanorama