Hedge Fund Adviser Ordered To Pay $27M For Ponzi Scheme

By Martin O'Sullivan (April 14, 2017, 2:30 PM EDT) -- A Connecticut federal judge has granted a bid by the U.S. Securities and Exchange Commission to force convicted Ponzi schemer Francisco Illarramendi to pay almost $27 million, saying his guilty plea in a related criminal case supports the SEC's victory in its civil suit....

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