NJ Hedge Funder In Fraud Case Grilled Over His Spending

Law360, Newark (February 8, 2018, 9:48 PM EST) -- A hedge fund owner accused of defrauding two investors out of about $4 million told a New Jersey federal jury Thursday that he spent a portion of the funds in anticipation of earning fees and that he was allowed to put some of the money toward a mortgage on his home.

On the witness stand at his trial on wire fraud and securities fraud charges, Nicholas Lattanzio said he had justified spending part of BCM Energy Partners' $2 million investment on a diamond ring and a...
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