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La Madrid To Pay $7M For Hedge Fund Fraud

Law360 (January 12, 2011, 3:48 PM EST) -- Matthew "Beau" La Madrid will be forced to shell out $7 million and forfeit a number of properties in Colorado after pleading guilty to a $30 million hedge fund fraud with his brother through their investment company Plus Money Inc.

Judge William Q. Hayes issued a preliminary order Thursday in the U.S. District Court for the Southern District of California instructing La Madrid to hand over the money and properties he acquired in the fraud scheme that raised millions from more than 300 investors.

La Madrid...
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Case Information

Case Title

USA v. La Madrid et al


Case Number

3:09-cr-02582

Court

California Southern

Nature of Suit

Date Filed

July 7, 2009

Government Agencies

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