UK Charges Weavering Capital Founder With Fraud, Forgery

Law360, New York (December 14, 2012, 1:24 PM EST) -- The U.K.'s Serious Fraud Office has hit the founder of Weavering Capital (UK) Ltd. with fraud and forgery charges, months after reopening a criminal investigation into the collapsed hedge fund, the agency said Friday.

Ulf Magnus Michael Peterson, 49, a Swedish national who resides in Otham, Kent, was charged with six offenses, including two counts of false accounting, two counts of forgery, one count of fraudulent trading and one count of fraud by abuse of position, the SFO said in a brief statement.

The alleged crimes...
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