Courthouse News Services – The SEC charged Colorado investment adviser with defrauding his elderly clients by pushing his own companies’ risky, ill-funded hedge funds, and taking millions of dollars in fees along the way. Neal Greenberg, 54, of Boulder, pushed his Agile hedge funds in the fraud, the SEC says.
“The Agile hedge funds held approximately $174 million of capital from more than 100 investors when Greenberg suspended redemptions in September 2008,” the SEC said in announcing its cease and desist order against Greenberg.
