Courthouse News Services – A chiropractor, six cronies and an investment firm duped investors out of $34 million by bankrupting two hedge funds and skimming more than $16 million off the top, the SEC says. The men “looted and bankrupted the hedge funds by steering millions of dollars to themselves,” the SEC says in a complaint that reveals the toothlessness of U.S. financial regulators.
Defendants Robert Buckhannon, Terry Rawstern, Dale St. Jean and Gregory Tindall were the managing members of the two Bradenton, Fla.-based hedge funds, Imperium and Vestium.
