Hartford Courant – Federal securities regulators blocked a Connecticut hedge fund manager from diverting $14 million Monday after charging him with defrauding investors as part of a $3.5 billion Ponzi scheme headed by a Minnesota businessman.
Hedge fund manager Marlon M. Quan and his Greenwich-based Acorn Capital Group have been accused of funneling hundreds of millions of dollars in investor money into the scheme headed by convicted businessman Thomas Petters. Quan pocketed about $90 million in fees.
