Two former managers of a New Jersey-based hedge fund called HMC International have agreed to pay $4.6 million to settle charges they operated a Ponzi scheme that the SEC alleges “systematically looted the fund’s trading account.” The SEC alleges the two claimed the fund made extraordinary returns, while actually returning nothing.
Former Managers Of HMC International Hedge Fund Settle Charges By Paying $4.6 Million
Two former managers of a New Jersey based hedge fund called HMC International have agreed to pay $4.6 million to settle charges they operated a Ponzi scheme that the SEC alleges "systematically looted the fund's trading account." The SEC alleges
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