Rocky Mountain News – The first hearing in a federal case against the hedge fund manager accused of hiding massive losses from hundreds of investors, including a few former Denver Broncos players, isset for next week.<\/p>\n
Kirk Wright, the founder of Atlanta-based International Management Associates, raised up to $185 million from clients, but most of the money has disappeared, the Securities and Exchange Commission said in a lawsuit filed late last month.<\/p>\n
It seems that Wright has, too.<\/p>\n
Authorities haven’t been able to locate him or the money.<\/p>\n
The hearing had been scheduled for today in a Georgia court, but a filing shows that a jury trial in “an unrelated matter” is supposed to occur at the same time. The hearing now is expected March 14.<\/p>\n
“At the appropriate time Mr. Wright will respond to the allegations,” Wright’s lawyer, Jacob Frenkel, told the Rocky Mountain News.<\/em> “At this point there are two civil lawsuits, and they remain allegations.”<\/p>\n Frenkel would not comment on the last time he spoke with Wright.<\/p>\n