Ex-Hedge Fund CEO Ordered To Pay $5M For Fraud

Law360, New York (November 30, 2012, 7:39 PM EST) -- A federal judge on Thursday told the jailed founder of New York-based ThinkStrategy Capital Management LLC he must pay nearly $5 million for the misconduct and misrepresentations he allegedly made to investors about two hedge funds he ran.

U.S. District Judge Paul A. Engelmayer agreed with the U.S. Securities and Exchange Commission, granting the agency's bid to make former ThinkStrategy CEO Chetan Kapur shell out $4.99 million in disgorgement, prejudgment interest and civil penalties.

Kapur, who is an Indian citizen, is currently in federal custody in...
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Case Information

Case Title

Securities and Exchange Commission v. Kapur et al


Case Number

1:11-cv-08094

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Paul A. Engelmayer

Date Filed

November 10, 2011

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