(Nj.com) A manager of a hedge fund that billed itself as a fund for the “little guys” admitted Tuesday in federal court in Camden that he bilked 76 victims of more than $4 million and avoided paying more than $273,000 in taxes. Peter Zuck, 66, of Middletown, pleaded guilty to one count of conspiracy to commit wire fraud and four counts of tax evasion, acting U.S. Attorney William E. Fitzpatrick announced in a statement. Zuck faces up to 20 years in prison and a $250,000 fine.
Zuck was a co-founder of the Jersey City-based hedge fund Osiris Partners LLC and Osiris Partners Fund Limited. According to court documents, the hedge fund described itself as the fund for the “little guys” and “moms and pops.”
