Hedge Fund Manager Admits Bilking $20 Million From Investors
A protester dressed as a businessman, holds a briefcase covered in U.S. dollar notes in London, U.K. (Photographer: Simon Dawson/Bloomberg)

Hedge Fund Manager Admits Bilking $20 Million From Investors

(Bloomberg) -- The co-founder of a Connecticut hedge fund firm pleaded guilty to charges that he defrauded investors of almost $20 million in a Ponzi-like scheme, prosecutors said.
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