{"id":21072,"date":"2011-03-08T07:39:22","date_gmt":"2011-03-08T12:39:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=21072"},"modified":"2011-03-08T07:39:22","modified_gmt":"2011-03-08T12:39:22","slug":"stamford-hedge-fund-manager-pleads-guilty-to-massive-fraud-scheme","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2011\/stamford-hedge-fund-manager-pleads-guilty-to-massive-fraud-scheme.html","title":{"rendered":"Stamford hedge fund manager pleads guilty to massive fraud scheme"},"content":{"rendered":"<p>CTPost &#8211; The wealthy owner of a group of Stamford-based hedge funds pleaded guilty Monday to five federal charges, and two of his co-defendants are under arrest in Florida for their role in a massive\u00a0Bernard Madoff-like Ponzi scheme that may have cost investors hundreds of millions of dollars over the past five\u00a0years.<\/p>\n<p>Francisco Illarramendi, who owns and operates the\u00a0Michael Kenwood Capital Management Group, pleaded guilty to charges of wire, securities and investment adviser fraud as well as a conspiracy charge during his appearance before U.S. District Judge\u00a0Stefan R. Underhill. The charges carry a total maximum sentence of 70 years in prison, more than $5 million in fines, forfeiture of illegally obtained goods and restitution to\u00a0victims.<\/p>\n<p><strong><a href=\"http:\/\/www.ctpost.com\/news\/article\/Stamford-hedge-fund-manager-pleads-guilty-to-1047122.php\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n<p>Read Complete Article<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CTPost &#8211; The wealthy owner of a group of Stamford-based hedge funds pleaded guilty Monday to five federal charges, and two of his co-defendants are under arrest in Florida for their role in a massive\u00a0Bernard Madoff-like Ponzi scheme that may [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21072","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21072","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=21072"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21072\/revisions"}],"predecessor-version":[{"id":21073,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21072\/revisions\/21073"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}