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Fund Manager Pleads Guilty To $7M Swindle

Law360 (October 22, 2008, 12:00 AM EDT) -- Hedge fund manager Bret A. Grebow could face up to five years in prison after pleading guilty to defrauding investors of more than $7 million through his investment fund HMC International LLC.

Grebow entered the plea earlier this week to Magistrate Judge Ronald L. Ellis of the U.S. District Court for the Southern District of New York.

Sentencing is set for Jan. 22.

Grebow faces a maximum sentence of five years for one count of investment advisor fraud and fines to be determined, based on the...
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Case Information

Case Title

USA v. Moreno-Montenegro

Case Number



New York Eastern

Nature of Suit


Raymond J. Dearie

Date Filed

February 11, 2011

Government Agencies

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