{"id":30397,"date":"2012-07-30T00:05:35","date_gmt":"2012-07-30T04:05:35","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=30397"},"modified":"2012-07-29T20:22:37","modified_gmt":"2012-07-30T00:22:37","slug":"new-century-hedge-fund-manger-sentenced-in-ny","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2012\/new-century-hedge-fund-manger-sentenced-in-ny.html","title":{"rendered":"New Century Hedge Fund Manger Sentenced In NY"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/07\/Financial+Fraud+Enforcement.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-30400 alignleft\" title=\"Financial+Fraud+Enforcement\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2012\/07\/Financial+Fraud+Enforcement.jpg\" alt=\"\" width=\"157\" height=\"158\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2012\/07\/Financial+Fraud+Enforcement.jpg 224w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2012\/07\/Financial+Fraud+Enforcement-150x150.jpg 150w\" sizes=\"auto, (max-width: 157px) 100vw, 157px\" \/><\/a>New York (HedgeCo.Net) &#8211; Florida-based hedge fund manager Ward Onsa has been\u00a0sentenced Friday in Brooklyn federal court to serve 78 months in prison for running a Ponzi scheme.<\/p>\n<p>Onsa is the manager of New Century Hedge Fund Partners LP., he pleaded guilty in December 2011 to operating a scheme\u00a0resulting\u00a0in investor losses of over $3 million.<\/p>\n<p>LoanSafe reports,<\/p>\n<blockquote><p>Instead of disclosing the trading losses&#8230; Onsa issued fake account statements to his investors falsely claiming consistent and steady earnings in the market. The defendant continued to solicit additional money from New Century investors through 2010 and used that new money to pay back the losses of the earlier Ward Onsa &amp; Company investors.<\/p><\/blockquote>\n<p>The sentence has been realized because of efforts underway by President Obama\u2019s Financial Fraud Enforcement Task Force (FFETF) which was created in November 2009 to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Florida-based hedge fund manager Ward Onsa has been\u00a0sentenced Friday in Brooklyn federal court to serve 78 months in prison for running a Ponzi scheme. Onsa is the manager of New Century Hedge Fund Partners LP., he [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-30397","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30397","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=30397"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30397\/revisions"}],"predecessor-version":[{"id":30403,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30397\/revisions\/30403"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=30397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=30397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=30397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}