Bloomberg – Two men were indicted on conspiracy, securities fraud and wire fraud charges for allegedly cheating investors by operating a phony New York-based hedge fund.
William Shternfeld and Benjamin Koifman operated A.R. Capital Global Fund LP, an unregistered investment adviser, and ARC Global Fund, a purported hedge fund that invested primarily in equity of international real estate, prosecutors in the office of Manhattan U.S. Attorney Preet Bharara said today.
