Bloomberg – ThinkStrategy Capital Management LLC’s Chetan Kapur, who initially was accused of deceiving investors about returns in his hedge funds, avoided prison when he was sentenced to time served for failure to preserve books and records of an investment.
Kapur, 38, who is from India, was sentenced today by U.S. District Judge John F. Keenan in federal court in Manhattan to the 12 1/2 months he already spent in custody. Kapur was charged in July 2012 with securities fraud, investor adviser fraud and wire fraud in connection with losses at his funds from 2002 to 2010.
