(HITC Business) A New York City man claiming to be an experienced hedge fund manager has been convicted for stealing over $800,000 from at least 17 investors, according to a statement from New York Attorney General Eric Schneiderman. CNN Money reports that Moazzam Ifzal Malik, 33, was convicted of 28 criminal charges related to his creation of several fake hedge funds that he used to siphon money from investors for personal use. His latest in a string of fraudulent companies was ‘Wolf Hedge LLC.
Trainee Sentenced After Pretending to be Hedge Fund Manager
This entry was posted in Syndicated. Bookmark the permalink.
