Ex-Hedge Fund Manager Cops To $71M Ponzi Scheme

Law360, New York (November 1, 2010, 7:09 PM EDT) -- Colorado hedge fund manager Sean Mueller pled guilty on Monday to charges stemming from a $71 million Ponzi scheme that ensnared 65 investors, including former Denver Broncos quarterback John Elway.

Mueller, the founder of Mueller Capital Management LLC, changed his plea to guilty at a hearing in the Denver District Court, admitting to violating the Colorado Organized Crime Control Act, one count of securities fraud and one count of theft.

The district attorney’s office in Denver agreed to drop an additional theft count as part of...
To view the full article, register now.