Calif Hedge Fund Manager Sentenced to 15 Years in Prison

(Marin Independent Journal) Hedge fund manager James Michael Murray has been sentenced to 15 years in prison following his conviction for 23 felonies — including wire fraud, money laundering, and aggravated identity theft — as well as contempt of court. Murray, 47, operated Market Neutral Trading, LLC (MNT), a purported hedge fund. According to prosecutors, MNT’s marketing materials asserted that the fund was audited by Jones, Moore & Associates (JMA), which was a sham entity that Murray started and controlled…

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