Hedge Funder Gets 3-Month Stretch For Lying To SEC

Law360, New York (March 2, 2021, 8:32 PM EST) -- A New York hedge fund operator on Tuesday was sentenced to three months in prison for lying to the U.S. Securities and Exchange Commission during a deposition, in a case that was almost derailed due to the government's failure to timely turn over evidence to the defense.

Aberon Capital Management boss Niket Jain, 48, previously pled guilty to one count of obstruction of justice, pursuant to a plea agreement that was contingent on U.S. District Judge P. Kevin Castel's decision not to throw out the case over prosecutors' error in not timely producing about five terabytes of data from Jain's former...

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