Hedge fund fraud

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Hedge Fund Manager Found Guilty of Fraud in $62 Million Market Timing Scheme

Hedge fund adviser Pentagon Capital Management PLC (PCM) and Lewis Chester, PCM’s Chief Executive Officer, “egregiously violated” the federal laws and were found guilty of securities fraud by United States District Judge Robert W. Sweet of the Southern District of New York.  PCM is based in the United Kingdom. In his opinion issued on February […]