NY Hedge Fund Manager To Pay For Fraud Charges

Law360, New York (December 15, 2011, 1:14 PM EST) -- A Monticello, N.Y., hedge fund manager agreed to fines and an injunction Tuesday in a U.S. Securities and Exchange Commission suit accusing him of lying to investors about the financial health of commercial real estate holdings, and still faces pending criminal charges.

Lloyd Barriger consented to the final judgment filed Tuesday in New York federal court, waiving his rights to fact-finding and appeal, and will disgorge the money he made in the scheme in addition to paying a civil penalty to be determined by the court,...
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