ABC News – The founder and manager of two Beverly Hills hedge funds has been sentenced to more than 10 years in federal prison for cheating investors out of more than $25 million.
Bradley Ruderman was sentenced Monday in a Los Angeles federal courtroom and was ordered to pay $27.5 million in restitution. He pleaded guilty in August to two counts of wire fraud, two counts of investment-adviser fraud and a misdemeanor count of failing to file income taxes in 2007.
