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N.Y. hedge-fund manager accused of Ponzi scheme

Denver Post – The U.S. filed civil and criminal charges against New York hedge-fund manager Edward T. Stein, accusing him of running a "classic Ponzi scheme" that moved more than $55 million through accounts while preying on acquaintances.

Stein, who controls Gemini Fund I hedge fund, DISP LLC and Prima Capital Management Corp., moved millions from at least 83 investors through accounts he controlled, the Securities and Exchange Commission said.

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