Hedge Fund Advisor Faces Mail, Wire Fraud Charges

Law360, New York (August 18, 2006, 12:00 AM EDT) -- A Massachusetts hedge fund advisor is facing 13 counts of mail and wire fraud after prosecutors alleged he lied to investors about the fund’s investment strategy and then falsified documents to cover up his fabrications.

Mark Conway, a partner at Groundswell Partners LLC, was charged earlier this month in the U.S. District Court for the District of Massachusetts.

He already faced civil charges brought by the U.S. Securities and Exchange Commission alleging he inflated the amount of the fund in reports to clients. Conway claimed the...
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