Hedge Fund Exec Ordered To Pay $1.6M In Misused-Funds Case

Law360, New York (September 25, 2012, 5:40 PM EDT) -- A Florida federal judge on Monday ordered a former manager of two bankrupt Florida hedge funds to pay back more than $1.6 million he allegedly obtained in a scheme to misappropriate $34 million from investors.

Gregory Tindall, one of four fund managers charged by the U.S. Securities and Exchange Commission, received the maximum civil penalty allowed by law. Tindall did not fight the charges, and in May Judge James D. Whittemore entered a default judgment against him.

“The conduct that Tindall has admitted [by default] was...
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