{"id":19502,"date":"2010-12-20T09:44:39","date_gmt":"2010-12-20T13:44:39","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=19502"},"modified":"2010-12-20T09:49:46","modified_gmt":"2010-12-20T13:49:46","slug":"two-arrested-in-20-million-hedge-fund-fraud-scheme","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2010\/two-arrested-in-20-million-hedge-fund-fraud-scheme.html","title":{"rendered":"Two Arrested In $20 Million Hedge Fund Fraud Scheme"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/12\/1142221-the-ship-from-money-with-reflection-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-19504\" title=\"1142221-the-ship-from-money-with-reflection (1)\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/12\/1142221-the-ship-from-money-with-reflection-1-300x200.jpg\" alt=\"\" width=\"210\" height=\"140\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/12\/1142221-the-ship-from-money-with-reflection-1-300x200.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/12\/1142221-the-ship-from-money-with-reflection-1.jpg 400w\" sizes=\"auto, (max-width: 210px) 100vw, 210px\" \/><\/a>New York (HedgeCo.net) &#8211; New York Federal prosecutors have charged two more hedge fund hedge fund managers with fraud, according to Courthouse News Services.<\/p>\n<p>The 4-count indictment says that two New Jersey hedge fund managers, William Shternfeld and Benjamin Koifman, shipped $18 million in ill gotten gains to the Ukraine after taking $20 million for nonexistent investments of the A.R. Capital Globe Fund.<\/p>\n<p>Shternfeld and Koikmanare alleged to have concealed their identities using names other than their own and distributed inflated annual returns to investors in order to coerce investors to place more money into the ARC Global Fund, the FBI said.<\/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; New York Federal prosecutors have charged two more hedge fund hedge fund managers with fraud, according to Courthouse News Services. The 4-count indictment says that two New Jersey hedge fund managers, William Shternfeld and Benjamin Koifman, [&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-19502","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\/19502","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=19502"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19502\/revisions"}],"predecessor-version":[{"id":19506,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19502\/revisions\/19506"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=19502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=19502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=19502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}