{"id":29170,"date":"2012-05-24T07:12:49","date_gmt":"2012-05-24T11:12:49","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29170"},"modified":"2012-05-24T07:12:49","modified_gmt":"2012-05-24T11:12:49","slug":"sec-sues-hedge-fund-execs-for-ponzi-scam","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2012\/sec-sues-hedge-fund-execs-for-ponzi-scam.html","title":{"rendered":"SEC Sues Hedge Fund Execs for Ponzi Scam"},"content":{"rendered":"<p>HFN &#8211; The founder and the chief operating officer of a Florida hedge fund have been named in a Securities and Exchange Commission lawsuit for their roles in a massive Ponzi scheme.<\/p>\n<p>The SEC announced Tuesday that Fort Lauderdale-area residents George Levin and Frank Preve allegedly raised more than $157 million from 173 investors during a two-year period from 2007 to 2009, and then used those funds to purchase discounted legal settlements that didn&#8217;t actually exist from former attorney Scott Rothstein. Rothstein is serving 50 years in prison for carrying out a $1.2 billion Ponzi scheme &#8211; with the fictitious settlements &#8211; that is considered one of the largest in South Florida history.<\/p>\n<p><a href=\"http:\/\/news.hedgefund.net\/default.aspx?story=13705\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFN &#8211; The founder and the chief operating officer of a Florida hedge fund have been named in a Securities and Exchange Commission lawsuit for their roles in a massive Ponzi scheme. The SEC announced Tuesday that Fort Lauderdale-area residents [&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-29170","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29170","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=29170"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29170\/revisions"}],"predecessor-version":[{"id":29171,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29170\/revisions\/29171"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}