Feds Say Hedge Funder Lied About Credentials, Criminal Past

By Dunstan Prial (February 2, 2018, 11:02 PM EST) -- A New York hedge fund manager illegally raised at least $4 million from investors by lying about his professional background, allegedly saying he once worked in top positions at both Goldman Sachs and Bear Stearns, and by concealing an extensive criminal history, federal prosecutors said Friday in a complaint unsealed in Manhattan federal court.

Nicholas J. Genovese, 52, was charged with securities and wire fraud for soliciting investments in the hedge fund he founded, Willow Creek Investments, from 2015 through January and then using much of the money for his personal use, according to the U.S. Department of Justice's complaint....

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