{"id":30591,"date":"2012-08-09T10:39:55","date_gmt":"2012-08-09T14:39:55","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=30591"},"modified":"2012-08-09T10:39:55","modified_gmt":"2012-08-09T14:39:55","slug":"state-officials-say-jersey-city-hedge-fund-execs-bilked-investors-out-of-millions","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2012\/state-officials-say-jersey-city-hedge-fund-execs-bilked-investors-out-of-millions.html","title":{"rendered":"State officials say Jersey City hedge fund, execs bilked investors out of millions"},"content":{"rendered":"<p>NJ.com &#8211; They told would-be investors it was a hedge fund for the \u201clittle guys\u201d and the \u201cmoms and pops.\u201d But in reality, authorities said, the Jersey City investment firm Osiris Fund L.P. was little more than an elaborate fraud run by a three-time convict who had been booted from the securities industry two decades ago.<\/p>\n<p>The state attorney general\u2019s office yesterday announced it has sued Peter Zuck, his collapsed hedge fund and nine other people tied to the alleged multiyear fraud that bilked some 76 investors out of millions of dollars.<\/p>\n<p>While much of the $12 million that was entrusted to Osiris was sapped by undisclosed trading losses, allegedly illegal loans and inflated management fees, the state is seeking an asset freeze in hopes of returning money to harmed investors, Attorney General Jeffrey Chiesa said in a statement yesterday.<\/p>\n<p><a href=\"http:\/\/www.nj.com\/business\/index.ssf\/2012\/08\/state_officials_say_jersey_cit.html\">Click here to read entire story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NJ.com &#8211; They told would-be investors it was a hedge fund for the \u201clittle guys\u201d and the \u201cmoms and pops.\u201d But in reality, authorities said, the Jersey City investment firm Osiris Fund L.P. was little more than an elaborate fraud [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30591","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30591","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=30591"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30591\/revisions"}],"predecessor-version":[{"id":30592,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30591\/revisions\/30592"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=30591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=30591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=30591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}