HedgeCo.Net (West Palm Beach) – A massachusettes man who defrauded investors out of millions has rejected a plea bargain that could have cut his prison sentence in half. <\/p>\n
Arthur Mathur, 37, who could face 20 years in prison, promised investors big returns on real estate investments and provided them with false statements of returns.<\/p>\n
Mathur, of Entrust Capital Management was indicted in 2005 and charged with 20 counts of mail and wire fraud. There were 20 investors involved who placed over $16 million into the fund. When Mathur was charged, only $800,000 of the original investments were left. While some of Mathur’s real estate deals actually did make money, he squandered most of the profits for personal gains. <\/p>\n
Some of the luxuries that Mathur indulged in included heavy casino gambling in Vegas and Atlantic City, a Porsche Cayenne, and season tickets to the New England Patriots. <\/p>\n
<\/p>\n
Julie Scuderi
Contributing Editor for HedgeCo.Net
Email: julie@hedgeco.net<\/p>\n
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds! HedgeCo.Net (West Palm Beach) – A massachusettes man who defrauded investors out of millions has rejected a plea bargain that could have cut his prison sentence in half. Arthur Mathur, 37, who could face 20 years in prison, promised investors […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7136","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7136","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7136"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7136\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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