November 17, 2011
The former managing director of Chicago-based hedge fund Lake Shore Asset Management Ltd. was sentenced Thursday to 20 years in prison after striking a plea deal over allegations that he fraudulently pulled in more than $294 million from investors.
August 24, 2011
The former managing director of Chicago-based hedge fund Lake Shore Asset Management Ltd. on Wednesday copped to one count of wire fraud under a plea deal with prosecutors, who allege he bilked hundreds of investors out of $294 million.