(Bloomberg) Samuel Barnett, 30, founded SBB Research almost a decade ago in his dorm room, transforming a college side gig into a hedge fund that managed more than $400 million. How did he pull it off? The U.S. Securities and Exchange Commission says through a years-long fraud that consisted of inflating holdings to mislead investors into believing that SBB’s performance was much better than it actually was.
Hedge Fund Started in College Dorm Room Accused of Fraud by SEC
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