Hedge Fund News From HedgeCo.Net


Fake NJ Hedge Fund Operator Indicted for Defrauding Victims in Two Scams

Newark FBI – A Newark grand jury today indicted a man for allegedly draining an elderly woman’s annuity while operating another, multi-million-dollar investment fraud scam, U.S. Attorney Paul J. Fishman announced today.

George Sepero, 39, of Glen Rock, New Jersey, allegedly claimed to run New Jersey-based hedge funds using a secret computer program to invest in foreign currency—but instead defrauded victims out of more than $4 million and spent the investments on high-end vehicles, luxury travel, and five-figure bar tabs. In a separate scheme, Sepero allegedly defrauded an elderly woman with serious medical problems out of her life’s savings.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply