{"id":18329,"date":"2010-10-18T06:46:10","date_gmt":"2010-10-18T10:46:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=18329"},"modified":"2010-10-18T06:50:43","modified_gmt":"2010-10-18T10:50:43","slug":"broncos-elway-files-against-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2010\/broncos-elway-files-against-hedge-fund.html","title":{"rendered":"Broncos Elway Files Against Hedge Fund"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/10\/101410_johnelway_397x224-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-18330\" title=\"John Elway Falls for Ponzi Scheme\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/10\/101410_johnelway_397x224-1.jpg\" alt=\"\" width=\"296\" height=\"241\" \/><\/a>New York (Hedgeco.net) &#8211; Former quarterback for the Denver Broncoes, John Elway and his partner Mitch Pierce, have filed court documents investigating the $15 million they invested March 2010 with hedge fund manager Sean Mueller, the WSJ reports.<\/p>\n<p>The hedge fund had claimed assets of $122 million, but when investigated in April, Mueller Capital\u2019s Over-Under Fund account balance showed significantly less. According to the WSJ, the Denver District Attorney said that Mueller &#8220;Knowingly used new investor funds to pay existing investors over the past 10 years in what appears to be a classic Ponzi scheme.&#8221;<\/p>\n<p>After threatening to kill himself in April, 2010, it is reported that Mueller was found by police considering a jump from about 19 stories. Mueller had also apologized to his clients for financial losses by Email.<\/p>\n<p>Court papers filed for Elway and Pierce say their investment was to remain in a separate pool from Mueller\u2019s hedge fund. The business partners want to recover their losses ahead of other investors.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (Hedgeco.net) &#8211; Former quarterback for the Denver Broncoes, John Elway and his partner Mitch Pierce, have filed court documents investigating the $15 million they invested March 2010 with hedge fund manager Sean Mueller, the WSJ reports. The hedge [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-18329","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18329","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=18329"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18329\/revisions"}],"predecessor-version":[{"id":18332,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18329\/revisions\/18332"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=18329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=18329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=18329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}