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Massachusetts Moves to Stop $15M Hedge Fund Ponzi Scheme

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Massachusetts Moves to Stop $15M Hedge Fund Ponzi Scheme

Massachusetts securities regulators have moved to bar three Cambridge-based hedge funds and their operator, Yasuna Murakami, for doing business in the state. They allege that the operation is a Ponzi scheme that has collected about $15.3 million from at least 47 investors. “This case represents a classic example of a shell game of moving the money…

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