Feds Charge Dreier Conspirator In Hedge Fund Fraud
Thursday, April 23, 2009 : PermalinkNorth Country Gazette – A former registered broker with the National Association of Securities Dealers has been charged in a criminal information with conspiracy, securities fraud and wire fraud stemming from his participation with attorney Marc Dreier in the sale of fictitious promissory notes to various hedge funds.
Kosta Kovachev, 57, is charged with one count of conspiracy to commit securities fraud and wire fraud, one count of securities fraud, and one count of wire fraud. The Government also seeks to forfeit the funds Kovachev received from Dreier as payment for his fraudulent activities.
Tags: conspiracy, country gazette, dreier, fraudulent activities, national association of securities, north country, participation, promissory notes, securities dealers, securities fraud, wire-fraud
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