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NJ Hedge Fund Owner Gets 6 Years For 'Brazen' $4M Fraud

Law360, Newark (July 12, 2018, 9:21 PM EDT) -- A hedge fund owner was slammed with a six-year prison sentence Thursday for duping two investors into giving him roughly $4 million and spending most of it on what prosecutors said was a lavish lifestyle, with a New Jersey federal judge referring to the crimes as “extraordinarily brazen frauds.”

U.S. District Judge Kevin McNulty noted that BCM Energy Partners and HEI Investments each gave about $2 million to Nicholas Lattanzio, the owner and manager of Black Diamond Capital Appreciation Fund LP, based on promises of securing...
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