Petters Ponzi Partner To Pay $41M After Judge Balks On Total

Law360, New York (October 09, 2013, 1:39 PM ET) -- The former president of hedge fund Arrowhead Capital Management LLC, who was convicted of feeding money into Thomas Petters' $3.7 billion Ponzi scheme, must pay more than $41 million for his crimes, a Minnesota federal judge ordered Tuesday after abandoning a larger judgment.

U.S. District Judge Richard H. Kyle entered a personal money judgment of $41.1 million against James Nathan Fry for his conviction of misleading investors, steering $600 million to Petters' scheme and lying to U.S. Securities and Exchange Commission investigators and the judge ordered...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

USA v. Vennes et al


Case Number

0:11-cr-00141

Court

Minnesota

Nature of Suit

Date Filed

April 20, 2011

Government Agencies