May 22, 2018
A hedge fund owner awaiting sentencing on related criminal charges has resolved civil claims in New Jersey federal court that he duped a hotel developer into giving him an almost $2 million investment — about half of which, he testified at trial, he thought he was permitted to spend on a residential mortgage for himself.
April 06, 2015
Black Diamond Capital Appreciation Fund LP sought Monday to compel arbitration and vacate defaults entered by HEI Investments LLC over a claim it was bilked into investing $2 million into Black Diamond, saying court documents weren't properly served.
February 04, 2015
Hotel developer HEI Investments LLC has claimed in a federal suit that it was bilked into investing $2 million with New Jersey hedge fund Black Diamond Capital Appreciation Fund LP, in exchange for $9 million in financing for a Georgia hotel project that never came through.