Business News: SEC says ex-Marine bilked vets in Chicago hedge fund fraud: By Jonathan Stempel (Reuters) - A former Marine masqueraded as a successful hedge fund trader to defraud current and former military personnel, causing the U.S. Securities and Exchange Commission to obtain an emergency asset freeze to halt his scheme, the regulator said on Tuesday. The SEC said Clayton Cohn, 26, lied to investors about his trading success and the performance of his Marketaction Capital Management hedge fund, raising $1.78 million from 24 investors through his Chicago-based firm Marketaction Advisors LLC. ... Get Full Details From News Source u.robinspost/3mJNL2
Posted on: Tue, 06 Aug 2013 22:15:03 +0000
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