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SEC Charges Against NY Hedge Fund CFO Dismissed

July 21, 2015 : Permanent Link

(FA-Mag) A federal judge has dismissed charges that a New York man participated in a $1.5 million hedge fund fraud by passing falsified reports to prospective investors. George Palathinkal, general partner and chief financial officer of Aphelion Fund Manager LLC, was cleared of all charges in the U.S. District Court, Southern District of New York, in Manhattan on June 18, 2015. Aphelion and Vineet Kalucha, the firm’s chief investment officer, still face charges brought by the U.S. Securities and Exchange Commission in May 2014….

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