Monday, February 26, 2007

Plea in Hedge Fund Case

The U.S. Attorney's Office for the Central District of California issued a press release telling of a plea being reached in a hedge fund case. The release states that, "[a] former account vice president at a major brokerage firm pleaded guilty today to conspiring with the founder of an investment company that operated a hedge fund to commit securities fraud."  Justin Paperny's plea to "to one count of conspiracy to commit mail fraud, wire fraud and securities fraud" includes an agreement for "cooperate with investigators in an ongoing criminal probe into Valencia-based Capital Management Group and its GLT Venture Fund."

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2007/02/plea_in_hedge_f.html

Fraud, Settlement | Permalink

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