{"id":11008,"date":"2009-07-13T00:00:00","date_gmt":"2009-07-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"sec-freezes-assets-of-illinois-based-hedge-fund-manager-who-was-2-billion-feeder-to-petters-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/sec-freezes-assets-of-illinois-based-hedge-fund-manager-who-was-2-billion-feeder-to-petters-ponzi-scheme.html","title":{"rendered":"SEC Freezes Assets of Illinois-based Hedge Fund Manager Who Was $2 Billion Feeder to Petters Ponzi Scheme"},"content":{"rendered":"<p>Kansas City infoZine &#8211; The SEC&#8217;s complaint, filed in U.S. District Court for the District of Minnesota, alleges that Gregory Bell and Lancelot Management LLC invested more than $2 billion in hedge funds assets with Petters and pocketed millions of dollars in fraudulent fees at the expense of investors in the funds. <\/p>\n<p>The SEC&#8217;s complaint also charges Petters with fraud for perpetrating the massive Ponzi scheme through the sale of notes related to consumer electronics. When Petters&#8217;s scheme began to unravel, Bell participated in a series of sham transactions to conceal that Petters owed more than $130 million in investor payments on the notes.<\/p>\n<p><strong><a href=\"http:\/\/www.infozine.com\/news\/stories\/op\/storiesView\/sid\/36640\/\" target=\"_blank\" title=\"Read Complete Article\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kansas City infoZine &#8211; The SEC&#8217;s complaint, filed in U.S. District Court for the District of Minnesota, alleges that Gregory Bell and Lancelot Management LLC invested more than $2 billion in hedge funds assets with Petters and pocketed millions of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4439,14061,797,11708,4650,4504,14059,14060,4248,6063],"class_list":["post-11008","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-assets","tag-consumer-electronics","tag-fraud","tag-hedge-funds","tag-investor","tag-investors","tag-kansas-city-infozine","tag-lancelot","tag-ponzi-scheme","tag-sham"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11008"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11008\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}