US Accuses Massachusetts Hedge Fund Manager of Fraud

(Reuters) A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said. Yasuna Murakami, who managed Cambridge, Massachusetts-based MC2 Capital Management LLC, was arrested in Vermont on Saturday and charged in a criminal complaint with wire fraud, according to papers unsealed in federal court in Boston on Monday.

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