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December 20, 2016 07:23 am PST

Feds charge hedge-fund managers with $1B embezzlement

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According to a federal indictment, Platinum Partners founder Mark Nordlicht and four others faked the hedge fund's books for years to allow them to siphon off one billion dollars to their personal accounts, swindling 600 investors. (more…)


Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/CIGG2KK86y0/feds-charge-hedge-fund-manager.html

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