{"id":22509,"date":"2011-05-17T05:49:17","date_gmt":"2011-05-17T09:49:17","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=22509"},"modified":"2011-05-17T05:49:17","modified_gmt":"2011-05-17T09:49:17","slug":"sec-charges-another-adviser-in-ponzi-scheme-tied-to-venezuela","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2011\/sec-charges-another-adviser-in-ponzi-scheme-tied-to-venezuela.html","title":{"rendered":"SEC Charges Another Adviser In Ponzi Scheme Tied To Venezuela"},"content":{"rendered":"<p>The Wall Street Journal &#8211; A second Stamford, Conn. financial advisory firm has been added to a list of defendants in a civil case brought up by the U.S. Securities and Exchange Commission in connection with a Ponzi scheme uncovered earlier this year, court documents show.<\/p>\n<p>Assets belonging to Highview Point Partners LLC and the three hedge funds it advises were temporarily frozen by the Connecticut district court, according to a statement by the SEC. The company is in possession of funds tied to Francisco Illarramendi, an investment adviser and former consultant to Venezuela&#8217;s state oil company Petroleos de Venezuela, who on March 7 admitted to running a Ponzi scheme involving hundreds of millions of dollars over several years.<\/p>\n<p><strong><a href=\"http:\/\/online.wsj.com\/article\/BT-CO-20110516-716145.html\" target=\"_blank\">Read Complete Article<\/a><\/strong> (subscription required)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Wall Street Journal &#8211; A second Stamford, Conn. financial advisory firm has been added to a list of defendants in a civil case brought up by the U.S. Securities and Exchange Commission in connection with a Ponzi scheme uncovered [&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-22509","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22509","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=22509"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22509\/revisions"}],"predecessor-version":[{"id":22510,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22509\/revisions\/22510"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=22509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=22509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=22509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}