{"id":36495,"date":"2013-07-01T11:23:54","date_gmt":"2013-07-01T15:23:54","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36495"},"modified":"2013-07-01T11:26:50","modified_gmt":"2013-07-01T15:26:50","slug":"prosecution-asks-judge-to-hold-hedge-fund-managers-2-million-tax-refund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2013\/prosecution-asks-judge-to-hold-hedge-fund-managers-2-million-tax-refund.html","title":{"rendered":"Prosecution Asks Judge To Hold Hedge Fund Manager&#8217;s $2 Million Tax Refund"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/francisco-illarramendi.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-36499\" alt=\".\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/francisco-illarramendi-199x300.jpg\" width=\"199\" height=\"300\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/francisco-illarramendi-199x300.jpg 199w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/francisco-illarramendi.jpg 313w\" sizes=\"auto, (max-width: 199px) 100vw, 199px\" \/><\/a>New York (HedgeCo.Net) &#8211; A prosecutor has asked a federal judge to hold a convicted hedge fund manager\u2019s $2 million tax refund in escrow pending his September sentencing for operating the largest Ponzi scheme ever investigated in Connecticut.<\/p>\n<p>&#8220;A federal judge has been asked to hold the money in escrow pending the September sentencing of Venezuelan financier Francisco Illarramendi (ee-yah-rah-MEHN&#8217;-dee).&#8221; AP reports.<\/p>\n<p>The Hearst Connecticut Media Group\u00a0reports that prosecutors say It would be prudent for the court to make sure there is no repeat of Illarramendi&#8217;s misuse of funds.\u00a0The SEC has also sued him in a pending civil complaint.<\/p>\n<p>As part of his agreement to help the U.S. government in finding and convicting others involved in the conspiracy and to help the receiver track down funds, Illarramendi had been free on bond since his guilty plea in early 2011.<\/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\u00a0<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; A prosecutor has asked a federal judge to hold a convicted hedge fund manager\u2019s $2 million tax refund in escrow pending his September sentencing for operating the largest Ponzi scheme ever investigated in Connecticut. &#8220;A federal [&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-36495","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\/36495","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=36495"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36495\/revisions"}],"predecessor-version":[{"id":36503,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36495\/revisions\/36503"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}