{"id":23271,"date":"2011-06-29T11:13:00","date_gmt":"2011-06-29T15:13:00","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23271"},"modified":"2011-06-29T11:13:00","modified_gmt":"2011-06-29T15:13:00","slug":"sec-recovers-millions-in-hedge-fund-ponzi-case","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2011\/sec-recovers-millions-in-hedge-fund-ponzi-case.html","title":{"rendered":"SEC recovers millions in hedge fund Ponzi case"},"content":{"rendered":"<p>WASHINGTON (Reuters) -U.S. securities regulators said they have recovered $229.4 million from an offshore fund held by a Connecticut-based hedge fund whose manager pleaded guilty this year to running a Ponzi scheme.<\/p>\n<p>The Securities and Exchange Commission said in a court filing Tuesday that it received the funds controlled by Francisco Illarramendi and his firm Highview Point Partners LLC, which managed three hedge funds.<\/p>\n<p>Illarramendi pleaded guilty in March in a parallel criminal case for his role in running a Ponzi scheme that may have defrauded investors out of hundreds of millions of dollars. He has yet to be sentenced.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/2011\/06\/28\/us-sec-recovery-idUSTRE75R5EX20110628\">Read Entire Story Here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON (Reuters) -U.S. securities regulators said they have recovered $229.4 million from an offshore fund held by a Connecticut-based hedge fund whose manager pleaded guilty this year to running a Ponzi scheme. The Securities and Exchange Commission said in a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,4],"tags":[],"class_list":["post-23271","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23271","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=23271"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23271\/revisions"}],"predecessor-version":[{"id":23272,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23271\/revisions\/23272"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=23271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=23271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=23271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}