Hedge Fund Reps Took Broker-Dealer Bribes: SEC

Law360, New York (March 13, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission filed a lawsuit Thursday alleging that two representatives of a hedge fund ran a complex bribery scheme that saw them receive at least $312,000 in personal services in exchange for directing trades to broker-dealers that provided the payments.

The suit, filed in U.S. District Court for the Southern District of New York, alleges that Brian Travis and Nicholas Peter Vulpis Jr. of hedge fund JLF Asset Management LLC received thousands of dollars in airline tickets, personal drivers and even a...
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