Hedge Fund Boss Convicted Of $100M Mismarking Scheme

Law360, New York (July 11, 2019, 11:27 AM EDT) -- A Manhattan jury on Thursday found Premium Point Investments CEO Anilesh "Neil" Ahuja guilty of charges that he schemed to inflate his now-fallen hedge fund's assets by $100 million, delivering a relatively quick conviction after a six-week trial.

The jury of seven women and five men deliberated for about seven hours over two days before finding that the former top Deutsche Bank mortgage securities trader committed securities fraud, wire fraud and conspiracy. The trial before U.S. District Judge Katherine Polk Failla opened June 5.

Ahuja was arrested in May 2018 and charged with directing his underlings to overvalue Premium Point's real...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!