{"id":35292,"date":"2013-05-07T08:37:24","date_gmt":"2013-05-07T12:37:24","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=35292"},"modified":"2013-05-07T08:47:53","modified_gmt":"2013-05-07T12:47:53","slug":"hedge-fund-fraud-norfolk-manager-found-guilty-2","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2013\/hedge-fund-fraud-norfolk-manager-found-guilty-2.html","title":{"rendered":"Hedge Fund Fraud: Norfolk Manager Found Guilty"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/03\/austin-white-collar-crime-attorney.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-14688\" alt=\"white-collar-crime\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/03\/austin-white-collar-crime-attorney.jpg\" width=\"248\" height=\"277\" \/><\/a>New York (HedgeCo.Net) &#8211; Norfolk based hedge fund manager Jeffrey A. Martinovich\u00a0was found guilty on Monday by a jury on 17 criminal counts in a fraud trial in U.S. District Court.<\/p>\n<p>His hedge fund, the now-defunct MICG Investment stands accused of\u00a0inflating the value of a solar company to &#8220;indicate an increase in the overall value of the hedge fund&#8221; and to draw investors and to increase his own fees.<\/p>\n<p>Many of the investors, who collectively invested more than $1.5 million into the fund, were left with financial problems after the solar company declared bankruptcy.<\/p>\n<p>Martinovich was found guilty of conspiracy to commit mail and wire fraud, four counts of wire fraud, five counts of mail fraud and seven counts of unlawful monetary transactions, the release said.\u00a0He faces up to 20 years in prison on each count when sentencing begins on Aug. 7 3013.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<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>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Norfolk based hedge fund manager Jeffrey A. Martinovich\u00a0was found guilty on Monday by a jury on 17 criminal counts in a fraud trial in U.S. District Court. His hedge fund, the now-defunct MICG Investment stands accused [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-35292","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35292","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=35292"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35292\/revisions"}],"predecessor-version":[{"id":35296,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35292\/revisions\/35296"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=35292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=35292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=35292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}