Fort Lauderdale Sun-Sentinel – Five people who allegedly defrauded hedge fund investors of more than $200 million have been indicted on charges of conspiracy and wire fraud, authorities said Wednesday.
Defendants named in the U.S. Department of Justice indictment unsealed in Miami are Michael Lauer, Martin Garvey and Eric Hauser, co-owners of management companies that directed the Lancer Group hedge funds, and Laurence Isaacson and Milton Barbarosh, who had financial interests in Boca Raton-based companies in which the hedge funds invested.
The defendants are charged with one count of conspiracy to commit mail, wire and securities fraud and six counts of wire fraud.
