New Stream Execs Charged With Securities Fraud

Law360, New York (February 26, 2013, 10:39 PM EST) -- The federal government on Tuesday accused the top brass of bankrupt hedge fund New Stream Capital LLC of deceiving investors, hitting the executives with criminal charges and civil claims for allegedly misrepresenting the finance structure of the now-defunct firm.

A federal grand jury in Connecticut charged New Stream managing partners and co-owners David A. Bryson and Bart C. Gutekunst and former Chief Financial Officer Richard Pereira with 19 counts of conspiracy, securities fraud and wire fraud for allegedly rearranging the fund's financial structure in a desperate...
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