Hedge Fund Manager Charged in $11.2 Million Ponzi Scheme

A Massachusetts hedge fund manager faces federal fraud charges after allegedly running an $11.2 million “Ponzi-like” scheme for personal luxuries like liquor, hotels and specialty cars, and to pay off millions in credit card debt.

Yosuna Murakami, operator of three Boston-area based hedge funds under the name MC2 Capital and MC2 Canada, was charged on Monday by the U.S. Securities and Exchange Commission in the U.S.

from FA News http://www.fa-mag.com/news/mass–hedge-fund-manager-charged-in–11-2-million-ponzi-scheme-32843.html

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