SEC Claims Fund Manager Lied To Investors

Law360, New York (September 27, 2007, 12:00 AM EDT) -- A San Francisco hedge fund manager who allegedly bilked investors out of millions of dollars has found himself in hot water with the U.S. Securities and Exchange Commission.

The SEC filed a complaint against Alexander Trabulse, founder of the Fahey Fund, on Thursday in the U.S. District Court for the Northern District of California, alleging he inflated the fund's revenues by as much as 200% and appropriated funds to pay for cars and shopping sprees for his family.

“Trabulse betrayed the trust investors placed in him...
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