NJ Hedge Fund Owner Stole Money For Lavish Life, Jury Told

Law360, Newark (January 25, 2018, 10:00 PM EST) -- A prosecutor told a New Jersey federal jury Thursday that a hedge fund owner duped investors into giving him $4 million and spent most of those funds on an extravagant lifestyle that included a $1 million home and a roughly $100,000 diamond ring, but defense counsel said he believed he had earned the money.

Nicholas Lattanzio said he would invest roughly $2 million from two companies each and obtain loans for them, but then used most of the money for personal expenses and lied to the...
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