{"id":29229,"date":"2012-05-29T07:38:27","date_gmt":"2012-05-29T11:38:27","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29229"},"modified":"2012-05-29T07:38:27","modified_gmt":"2012-05-29T11:38:27","slug":"u-s-sec-shuts-down-11-million-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2012\/u-s-sec-shuts-down-11-million-ponzi-scheme.html","title":{"rendered":"U.S. SEC Shuts Down $11 Million Ponzi Scheme"},"content":{"rendered":"<p>Reuters &#8211; Regulators have charged a New York fund manager who was running an $11-million Ponzi scheme, federal court filings showed.<\/p>\n<p>The U.S. Securities and Exchange Commission charged\u00a0Jason Konior\u00a0with defrauding investors by promising to match their investments in his fund many times over. In reality, he used $2 million of the money he collected to pay his own expenses and to cover redemption requests from previous investors, according to the SEC&#8217;s complaint, dated Thursday [May 24].<\/p>\n<p><a href=\"http:\/\/www.hedgeworld.com\/open_news\/read_newsletter_aa.cgi?section=dail&amp;story=dail20722.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Regulators have charged a New York fund manager who was running an $11-million Ponzi scheme, federal court filings showed. The U.S. Securities and Exchange Commission charged\u00a0Jason Konior\u00a0with defrauding investors by promising to match their investments in his fund [&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-29229","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29229","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=29229"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29229\/revisions"}],"predecessor-version":[{"id":29230,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29229\/revisions\/29230"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}