Judge Orders Hedge Fund Manager To Pay $1.4M

Law360, New York (January 14, 2011, 3:01 PM EST) -- A federal judge has ordered a Las Vegas chiropractor, one of four managers of two bankrupt Florida hedge funds accused of engaging in a scheme to misappropriate $34 million from investors, to pay back more than $1.4 million in unlawful profits and related penalties.

Judge James D. Whittemore's order, issued Thursday in the U.S. District Court for the Middle District of Florida, came after defendant Robert L. Buckhannon consented to injunctive relief and disgorgement Dec. 21, the same day the U.S. Securities and Exchange Commission lodged...
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