{"id":51947,"date":"2016-03-23T07:58:28","date_gmt":"2016-03-23T11:58:28","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=51947"},"modified":"2016-03-23T07:55:00","modified_gmt":"2016-03-23T11:55:00","slug":"hedge-fund-manager-ordered-to-pay-81-million-in-ponzi-case","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/03\/2016\/hedge-fund-manager-ordered-to-pay-81-million-in-ponzi-case.html","title":{"rendered":"Hedge Fund Manager Ordered to Pay $81 Million in Ponzi Case"},"content":{"rendered":"<p>(Bloomberg) A Connecticut hedge fund manager must surrender almost $81 million in profit from aiding Thomas Petters\u2019s $3.5 billion Ponzi scheme, an appeals court ruled.Marlon Quan concealed evidence of the Petters fraud, partly by engaging in $187 million in \u201cround-trip\u201d transactions, the U.S. Securities and Exchange Commission said in its lawsuit against him. Quan\u2019s Greenwich, Connecticut-based Acorn Capital Group LLC, ACG II LLC and Stewardship Investment Advisors LLC were co-defendants.<\/p>\n<p>Petters is serving a 50-year prison term. He was convicted in 2009 of bilking hundreds of investors who thought they were financing short-term transactions involving consumer electronics that Petters said were destined for big-box retailers.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-03-22\/hedge-fund-manager-ordered-to-pay-81-million-in-ponzi-case\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) A Connecticut hedge fund manager must surrender almost $81 million in profit from aiding Thomas Petters\u2019s $3.5 billion Ponzi scheme, an appeals court ruled.Marlon Quan concealed evidence of the Petters fraud, partly by engaging in $187 million in \u201cround-trip\u201d [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51947","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=51947"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51947\/revisions"}],"predecessor-version":[{"id":51948,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51947\/revisions\/51948"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=51947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=51947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=51947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}