New York (HedgeCo.Net) – The SEC filed a civil injunctive action in New York relating to two hedge funds — RAHFCO Funds LP and RAHFCO Growth Fund LP (collectively “RAHFCO Hedge Funds”).
The Commission charged RAHFCO Management Group, LLC (“RAHFCO Management”), a Delaware corporation and general partner of RAHFCO Hedge Funds; its principal, Randal Kent Hansen of Sioux Falls, South Dakota; Hudson Capital Partners Corporation (HCP), a New York corporation, the sub-adviser/portfolio manager of RAHFCO Hedge Funds; and Vincent Puma of Morganville, New Jersey, the principal of HCP, with securities fraud, among other violations of the securities laws, for engaging in a fraudulent scheme that defrauded investors out of more than $10 million.
The Commission’s complaint alleges that the RAHFCO Hedge Funds raised approximately $23.5 million from over 100 investors nationwide between 2007 and the funds’ collapse in about May 2011. The Commission’s complaint seeks permanent injunctions, third-tier civil penalties, disgorgement plus prejudgment interest, and other relief against all of the defendants.
