{"id":4114,"date":"2006-03-13T00:00:00","date_gmt":"2006-03-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-operator-gets-prison","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2006\/hedge-fund-operator-gets-prison.html","title":{"rendered":"Hedge fund operator gets prison"},"content":{"rendered":"<p>  San Diego Union Tribune &#8211;  Ricky Dale Fenney, a hedge fund operator who defrauded investors of more than $2 million, was sentenced to three years, one month in federal prison. He pleaded guilty to  wire fraud Dec. 20.<\/p>\n<p>  Between 2001 and 2004, Fenney set up hedge funds and signed up 17 clients whose money he used to day-trade on the Nasdaq Stock Market, according to his plea bargain. When he began losing money, in  the first month, he didn&#8217;t tell investors, but instead sent out e-mail claiming extraordinary returns, and in the style of a Ponzi scheme, paid out early investors with money from other investors,  according to court documents.<\/p>\n<p>  <a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/www.signonsandiego.com\/news\/business\/20060311-9999-1b11calbrfs.html&amp;cid=0\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Diego Union Tribune &#8211; Ricky Dale Fenney, a hedge fund operator who defrauded investors of more than $2 million, was sentenced to three years, one month in federal prison. He pleaded guilty to wire fraud Dec. 20. Between 2001 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4114","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4114","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=4114"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4114\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}