Hedge fund mgr splurged with client money

BOSTON, March 13 (Reuters) – Hedge fund manager Kirk Wright bought an Aston Martin, Jaguar and Bentley, and other luxury items, apparently with money that belonged to hundreds of clients who trusted him to invest their millions, U.S. regulators said a court document filed on Friday.

The federal government and investors, who include professional football players and many of Atlanta’s top African-American doctors and businessmen, have already filed lawsuits accusing Wright of fraud.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.