{"id":37307,"date":"2013-08-09T12:58:33","date_gmt":"2013-08-09T16:58:33","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37307"},"modified":"2013-08-09T13:08:25","modified_gmt":"2013-08-09T17:08:25","slug":"uk-hedge-fund-manager-fighting-us-extradition","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2013\/uk-hedge-fund-manager-fighting-us-extradition.html","title":{"rendered":"UK Hedge Fund Manager Fighting US Extradition"},"content":{"rendered":"

\"extradition\"<\/a>New York (HedgeCo.Net) – The head of fake\u00a0hedge fund, Benchmark Asset Management,\u00a0is fighting against an extradition order stemming from the \u00a312 million ($18.5 million) that he allegedly misappropriated from approximately 50 investors.<\/p>\n

Mark Duchesne used his investors’ money to buy a Ferrari Enzo, a Rolls Royce Phantom, a Bentley Arnage, several Hummers,\u00a0a speedboat for a friend, he also spent \u00a360,000 ($93,000) on cosmetic dentistry and his cigar bill alone was more than \u00a322,000 ($34,000), the Evening Standard reported.<\/p>\n

Duchesne tried to dodge the charges by moving to Switzerland, but was extradited to the UK where he escaped from prison after serving six months of a 4 1\/2 year sentence. He\u00a0was re-arrested in 2012 and is now facing US extradition. He\u00a0admitted to fraud charges including “Conspiracy to defraud and conspiracy to obtain money by deception.”\u00a0the Evening Standard said.<\/p>\n

FinAlternatives reports that: “Duchesne’s extradition hearing is scheduled for Sept. 5. His lawyer argued that Duchesne should not be sent to the U.S. as non-extradition to a third country was part of the agreement with the Swiss that sent him to London, and that “it would be disproportionate to subject him to another prosecution.”<\/p>\n

Alex Akesson
\nEditor for\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – The head of fake\u00a0hedge fund, Benchmark Asset Management,\u00a0is fighting against an extradition order stemming from the \u00a312 million ($18.5 million) that he allegedly misappropriated from approximately 50 investors. Mark Duchesne used his investors’ money to buy […]<\/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-37307","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\/37307","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=37307"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37307\/revisions"}],"predecessor-version":[{"id":37315,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37307\/revisions\/37315"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}