Hedge Fund News From HedgeCo.Net

Hicks sentenced to 40 months in fake hedge fund case

Boston Herald – A Boston-area man was sentenced today in federal court to 40 months in prison, and was ordered to pay restitution of $2.3 million, in connection with a fake hedge fund investment scheme, according to the U.S. Attorney’s Office.

Andrey C. Hicks, 29, who most recently lived in Andover, was charged with five counts of wire fraud. In addition, Hicks, who pleaded guilty in December, was ordered to serve three years of supervised release.

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