WSJ – The Securities and Exchange Commission accused NIR Group LLC’s Corey Ribotsky of fraud, alleging that the Long Island, N.Y., hedge-fund manager and his firm hid losses and spent investors’ money on cars, a Rolex watch and other luxuries.
The SEC filed its civil complaint against Mr. Ribotsky, his firm and Daryl Dworkin, a former NIR analyst who last year pleaded guilty to federal prosecutors’ allegations of securities fraud tied to the same probe.
