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He repaid investors in his hedge fund with millions of dollars in fraudulent consulting contracts from a different company that they weren't investors in. This
by mikeyouse 9y ago
He repaid investors in his hedge fund with millions of dollars in fraudulent consulting contracts from a different company that they weren't investors in. This is a breach of fiduciary duty at minimum and likely criminal fraud. He also repeatedly produced false financial statements to cover up his massive losses.
He was convicted by a jury of his peers on Federal charges and was sentenced using the Federal Sentencing Guidelines which are universal across all cases. Shouting in all caps doesn't make something unfair...