(Reuters) Two former hedge fund managers were sentenced to 45 months in prison, for misleading investors into investing more than $500 million in their fraudulent hedge fund business, said the U.S. Attorney’s Office on Wednesday. Gabriel Bitran, 70, a former professor at the Massachusetts Institute of Technology and his son Marco Bitran, 40, a Harvard Business School graduate, were also sentenced on Monday to three years of supervised release, forfeiture and restitution of more than $11 million by a U.S. District Court.
Former U.S. Hedge Fund Managers Sentenced To 45 Months In Prison For Fraud
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