hedgefunds
More Hedge Fund Fraud
Filed in archive Hedgetalk by Alex Akesson on May 21, 2008
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In a HedgeCo story;-William Galvin, Massachusetts' top securities regulator has charged the hedge fund manager of the River Stream Fund with improperly soliciting investors.

The investigation also turned up a brokerage statement that showed the fund had $1,625 in its account in April. Regan had said he ran $15 million. The regulator said investors who entrusted their savings to Regan feared the money is now lost.

Investigators found River Stream client data thrown into a dumpster near an empty office where Regan said he worked. Wiliam Galvin, whose job includes protecting investors in Massachusetts, has waged aggressive campaigns against anyone caught trying to cheat investors.



Permalink: More Hedge Fund Fraud
Tags: hedge+fund  hedge  fund  more  fraud  fund+fraud  more+hedge 
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