Marin Independent Journal – An indicted Larkspur hedge fund manager was returned to jail after authorities discovered he was continuing to execute trades using a tablet computer that he had hidden in the ceiling of his attorney’s office in San Francisco.
James Michael Murray was arrested in 2012 and charged with wire fraud, money laundering and aggravated identify theft. According to the indictment, Murray executed a scheme to defraud more than $700,000 from Chase Paymentech, a credit card processing company. Separately, the Securities and Exchange Commission has charged Murray with defrauding investors who put money in his hedge fund, Market Neutral Trading, by giving them a bogus audit report that exaggerated the financial performance of the fund.
