La Madrid Brothers Cop To $30M Hedge Fund Fraud

Law360, New York (January 5, 2011, 12:43 PM EST) -- Matthew and Lance La Madrid have pled guilty to operating a $30 million hedge fund fraud through their investment company Plus Money Inc.

On Monday, the brothers copped to several counts of conspiracy and mail fraud in the U.S. District Court for the Southern District of California, ending their year-and-a-half long denial of the charges.

Mathew "Beau" La Madrid, president and treasurer of Plus Monday and manager of the company's three Premium Return funds at the heart of the fraud, pled guilty to counts of conspiracy...
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