hedgefunds
Wright Convicted, Takes Own Life
Filed in archive Hedgetalk by Alex Akesson on May 26, 2008
ksw
Kirk Sean Wright, CEO of hedge fund International Management Associates of Atlanta hanged himself in a Union City jail cell Saturday night.

Wright was convicted by a federal jury on 47 counts of mail fraud, securities fraud and money laundering stemming from a scam run through his hedge fund, International Management Associates. He collected between $115 million and $185 million for his hedge fund from at least 500 investors since 1997.

Wright maintained his innocence until the end, contending that simple mis-management was to blame for his investors' losses.

More here.


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