Posts Tagged ‘hedge fund manager fraud’

Hedge Fund Fraudster Liable for $62 Million

Posted on May 13, 2009, 7:20 am, by admin, under hedge fund fraud, hedge fund managers.

The two press releases below from the SEC showcase what can happen if a manager is found to have perpetrated a fraud against investors.

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Michael Lauer to Pay More Than $62 Million in Hedge Fund Fraud Case
FOR IMMEDIATE RELEASE
2009-106
Washington, D.C., May 8, 2009 — The Securities and Exchange Commission announced today that Michael Lauer, the head [...]

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