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Browse: Home / 2018 / March / 16 / Fake hedge fund manager pleads guilty to securities fraud | New York Post

Fake hedge fund manager pleads guilty to securities fraud | New York Post

By Securities Docket on March 16, 2018, 8:58 am

Scronic, 46, on Thursday pleaded guilty to securities fraud, admitting that he defrauded 45 investors — many of them pals — out of $22 million while running his fake hedge fund from his home.

In seven-plus years of running the scam, Scronic posted only one positive quarter, court papers reveal.

via Fake hedge fund manager pleads guilty to securities fraud | New York Post

Posted in Criminal, Top | Tagged Guilty Pleas, Hedge Funds

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