Alleged hedge fund scammer is arrested
Friday, January 9, 2009 : PermalinkSan Francisco Gate – Friday, January 9, 2009 Alexander James Trabulse, 61, was taken into custody Monday, according to U.S Customs and Border Protection officials. He appeared later that day before U.S. Magistrate Elizabeth Laporte in San Francisco and is to return to court today.
He was arrested three days after federal prosecutors charged him with mail fraud in a complaint filed in U.S. District Court in San Francisco.
Authorities said Trabulse sent account statements to investors in his Fahey Fund that inflated the hedge fund’s returns by as much as 200 percent, while using investor money to purchase cars and finance shopping sprees for family members.
Tags: account statements, alexander, alexander james, authorities, cars, customs and border protection, elizabeth laporte, fahey, family members, federal prosecutors, finance, investor-money, investors, magistrate, mail-fraud, san francisco gate, shopping sprees, u s customs and border protection
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