{"id":22138,"date":"2011-04-28T06:02:58","date_gmt":"2011-04-28T10:02:58","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=22138"},"modified":"2011-04-28T06:47:13","modified_gmt":"2011-04-28T10:47:13","slug":"jesus-loving-hedge-fund-shut-down-by-sec","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2011\/jesus-loving-hedge-fund-shut-down-by-sec.html","title":{"rendered":"Jesus-Loving Hedge Fund Shut Down By SEC"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/jesus_needs_your_money_poster-p228155471321242004trma_400.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-22148\" title=\"jesus_needs_your_money\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/jesus_needs_your_money_poster-p228155471321242004trma_400-202x300.jpg\" alt=\"\" width=\"130\" height=\"192\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/jesus_needs_your_money_poster-p228155471321242004trma_400-202x300.jpg 202w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/jesus_needs_your_money_poster-p228155471321242004trma_400.jpg 266w\" sizes=\"auto, (max-width: 130px) 100vw, 130px\" \/><\/a>Forbes &#8211; There may be a God after all.\u00a0The Securities and Exchange Commission managed to shut down an allegedly fraudulent hedge fund in Beverly Hills\u00a0<em>before<\/em> it was able to attract investors.<\/p>\n<p>The hedge fund\u2019s principal Elijah Bang and salesperson Daniel Lee targeted retirees including university professors by promising annual returns of at least 12%,\u00a0 according to the SEC.<\/p>\n<p>Bang was also looking to attract religious investors by playing up his Christian faith. According to the SEC\u2019s complaint, included on the hedge fund\u2019s website was the IU Group\u2019s claim that it was founded by \u201cdevoted Christians who believe in God, Jesus Christ, and the Holy Spirit.\u201d I don\u2019t think the Holy Trinity would appreciate the sentiment Bang was going for there.<\/p>\n<p><strong><a href=\"http:\/\/blogs.forbes.com\/halahtouryalai\/2011\/04\/27\/jesus-loving-hedge-fund-shut-down-by-sec\/\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; There may be a God after all.\u00a0The Securities and Exchange Commission managed to shut down an allegedly fraudulent hedge fund in Beverly Hills\u00a0before it was able to attract investors. The hedge fund\u2019s principal Elijah Bang and salesperson Daniel [&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-22138","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22138","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=22138"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22138\/revisions"}],"predecessor-version":[{"id":22150,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22138\/revisions\/22150"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=22138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=22138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=22138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}