{"id":11202,"date":"2009-08-07T00:00:00","date_gmt":"2009-08-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"lawsuit-says-hedge-fund-manager-stole-750-000","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/lawsuit-says-hedge-fund-manager-stole-750-000.html","title":{"rendered":"Lawsuit says hedge-fund manager stole $750,000"},"content":{"rendered":"<p>Pittsburgh Post-Gazette &#8211; The family of a Cambria County manufacturer has filed a lawsuit claiming that a New York hedge-fund manager illegally took $750,000 from its trust fund.<\/p>\n<p>The lawsuit, filed by the family of Frank Calandra Jr., was moved to federal court yesterday. It names as defendants Signature Bank Corp. and Cushner &amp; Garvey LLP.<\/p>\n<p>The man the family accuses of taking its money, Edward T. Stein, is not a named defendant.<\/p>\n<p>Mr. Stein was charged with securities fraud in federal court in Manhattan in April. According to the Securities and Exchange Commission, Mr. Stein operated a Ponzi scheme involving some $55 million collected from investors.<\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.post-gazette.com\/pg\/09219\/989161-455.stm?FORM=ZZNR4\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pittsburgh Post-Gazette &#8211; The family of a Cambria County manufacturer has filed a lawsuit claiming that a New York hedge-fund manager illegally took $750,000 from its trust fund. The lawsuit, filed by the family of Frank Calandra Jr., was moved [&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":[2410,15025,15022,13649,15026,37,4504,15024,327,48,14794,4248,6265,35,21,15023,15027],"class_list":["post-11202","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amp","tag-calandra","tag-cambria-county","tag-defendant","tag-garvey","tag-hedge-fund-manager","tag-investors","tag-lawsuit-claiming-that","tag-manhattan","tag-money","tag-pittsburgh-post-gazette","tag-ponzi-scheme","tag-securities-fraud","tag-securities-and-exchange","tag-securities-and-exchange-commission","tag-signature-bank","tag-trust-fund"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11202","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=11202"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11202\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}