Massachusetts Hedge Fund Manager Pleads Guilty to Fraud

January 11th, 20187:50 am @

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(Reuters) A Massachusetts hedge fund manager pleaded guilty on Tuesday after prosecutors accused him of misusing millions of dollars from investors to pay for lavish personal expenses like a sports car and to engage in a Ponzi-like scheme. Yasuna Murakami, who managed Cambridge, Massachusetts-based MC2 Capital Management LLC and another investment advisory firm, pleaded guilty in federal court in Boston to one count of wire fraud.

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Article source: http://www.hedgeco.net/news/01/2018/massachusetts-hedge-fund-manager-pleads-guilty-to-fraud.html