Hedge Fund News From HedgeCo.Net

Florida Hedge Fund Manager Sentenced In Alabama

New York (HedgeCo.Net) – The Florida hedge fund manager that surrendered watches, cars, an airplane and a backpack of cash earlier this month has been sentenced to five years in prison for conspiracy, securities fraud, wire fraud and money laundering. 

“Klatch acknowledged that while his clients were losing their life savings, he was enjoying a lifestyle that included a house in his home state, a condominium in Tampa, Florida, an airplane, a $350,000 boat, a $280,000 Ferrari, a Land Rover, a pair of Aston Martin automobiles, a Rolex watch and other luxuries.” Alabama.com reported.

Anthony J. “A.J.” Klatch II has been ordered to pay well over $2 million in restitution to his victims and a $400 court assessment fee.

Alex Akesson
Editor for HedgeCo.net
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