Reuters – A New York hedge fund manager indicted in April on charges of defrauding investors out of $150 million appears set to plead guilty on Friday, court records show.
James Nicholson, 43, previously pleaded not guilty to an indictment by a grand jury on four charges including securities fraud and investment adviser fraud. He was accused of running a scheme from 2004 until early this year in which he overstated asset values by hundreds of millions of dollars.
