Man Sentenced For Setting up Fake Hedge Fund and Stealing More Than Half Million Dollars

(NBC News) A former FedEx driver and the founder and chief investment officer of a local management firm was sentenced to more than two years in prison for stealing more than half a million dollars from local investors. Joshua Knaup, 41, opened up an investment management fund, EquityPro Capital, in Downtown San Diego after he lost his job at FedEx.

In 2013, he claimed to have started “The F2 Fund” and duped victims into investing hundreds of thousands of dollars in the non-existent hedge fund. In one instance, he convicted Bankers Hill couple, Lois and Henry Mathews to invest $240,000 during a celebration for the couple’s wedding anniversary.

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