Hedge Fund Manager Pleads Guilty In $59M Fund Collapse

By Carmen Germaine ( December 16, 2015, 8:50 PM EST) -- The founder and portfolio manager of a hedge fund that suddenly lost nearly all of its $59.7 million in assets in January pled guilty Wednesday in New York federal court to securities fraud, admitting he had lied to investors and caused the massive loss, the U.S. Department of Justice announced....

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