Hedge Fund Manager Walks After Fraud Charges Dropped

Law360, New York (August 21, 2013, 7:04 PM ET) -- The formerly incarcerated founder of New York-based asset management firm ThinkStrategy Capital Management LLC walked away a free man Wednesday, following the collapse of the U.S. Department of Justice's securities fraud case against him.

U.S. District Judge John Keenan sentenced Chetan Kapur to time served after he pled guilty to one count of failure to preserve books and records. No fine was ordered, according to Kapur's attorney Daniel Arshack of Arshack Hajek & Lehrman PLLC.

“It was an extraordinary and remarkable result in a case that...
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