Hedge Fund To Plead Guilty To Market Timing
If accepted by the court, the plea bargain would make the Portland, Ore.-based hedge fund the first to be criminally convicted of deceptive market timing.
As part of the agreement Beacon Rock has agreed to forfeit $475,905 and testify against others allegedly involved in the four-year scheme.
In court papers filed Tuesday in the U.S. District Court for the...
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