N.Y. hedge-fund manager accused of Ponzi scheme
Thursday, April 2, 2009 : PermalinkDenver 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.
Tags: acquaintances, capital-management, criminal-charges, denver post, hedge-fund-manager, investors, management corp, ponzi scheme, prima capital, securities-and-exchange, securities-and-exchange-commission
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