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Hedge Fund Fraud Strikes New Jersey - Corgentum Blog
1 páginas
Publicado por
scharfman
© 2012 Corgentum Consulting, LLC
Hedge Fund Fraud Strikes New Jersey
Jersey City, NJ is now famous, or rather should that be infamous.
In addition to serving as the
location of Corgentum s headquarters Jersey City is now also in the...
[Mais]
© 2012 Corgentum Consulting, LLC
Hedge Fund Fraud Strikes New Jersey
Jersey City, NJ is now famous, or rather should that be infamous.
In addition to serving as the
location of Corgentum s headquarters Jersey City is now also in the news for being the former home
Osiris Partners, a hedge fund firm accused of fraud.
It was reported today that New Jersey state officials have sued Osiris over charges that it defrauded
investors and sold approximately $12 million worth of unregistered securities.
The scheme allegedly
defrauded over 75 investors from 2009 to 2011.
Investors seemed to have poured money into the
firm s flagship Osiris Fund, when it produced returns of over 273% in 2009.
Earlier this year in January it was reported that the Osiris partner Peter Zuck had fled with investors
money.
Additionally, reports also indicated that the firm s former CEO Michael Spak was the one who
first report Mr.
Zuck to the FBI.
Similar to many other hedge funds frauds such as Bayou, the Osiri
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