February 27, 2023
Agreeing with a district judge's finding of joint and several liability in an investment fraud case, the Second Circuit upheld both a $25 million forfeiture order and a four-year prison term for a Connecticut-based hedge fund co-founder who controlled the full amount in question before admitting to his crimes.
September 01, 2021
A Manhattan federal judge hit a Connecticut hedge fund founder with four years in prison Wednesday for fraudulently mismanaging $25 million of investor money, but characterized as "wackadoodle" guidelines that called for roughly 12½ years behind bars.
January 09, 2020
A hedge fund co-founder pled guilty to conspiracy and fraud Thursday, five days before he was scheduled to stand trial in Manhattan federal court on allegations he bilked investors in his Sentinel Growth Fund Management out of $19.6 million.
September 27, 2019
Attorneys for a hedge fund co-founder who is accused of running a $19 million Ponzi scheme have asked to withdraw from the case, saying their client has failed to pay his legal bills for five months.
July 17, 2019
A Manhattan federal judge ended an inquiry into whether or not prosecutors had used the U.S. Securities and Exchange Commission to secretly gather criminal evidence against hedge fund co-founder Jason Rhodes, saying on Tuesday that records he made prosecutors hand over don't support the allegations.
June 18, 2019
A Manhattan federal judge was unimpressed with one prosecutor's word that he did not use the U.S. Securities and Exchange Commission to gather criminal evidence against hedge fund co-founder Jason Rhodes, saying Tuesday he wants a full account of coordination between the civil agency and the criminal trial team.
May 16, 2019
A Manhattan federal judge pushed prosecutors Thursday to disavow any "excessive coordination" with the U.S. Securities and Exchange Commission in the run-up to their decision to criminally charge hedge fund co-founder Jason Rhodes with a $19 million fraud.
October 16, 2018
Federal authorities arrested a Connecticut man Tuesday on charges that he ran a $19 million Ponzi scheme that defrauded investors who put their money into his hedge fund.