{"id":44182,"date":"2014-09-25T06:33:13","date_gmt":"2014-09-25T10:33:13","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=44182"},"modified":"2014-09-25T06:33:13","modified_gmt":"2014-09-25T10:33:13","slug":"judge-refuses-to-cut-new-york-fund-managers-40-year-ponzi-sentence","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2014\/judge-refuses-to-cut-new-york-fund-managers-40-year-ponzi-sentence.html","title":{"rendered":"Judge refuses to cut New York fund manager&#8217;s 40-year Ponzi sentence"},"content":{"rendered":"<p>Reuters &#8211; A federal judge rejected Westgate Capital Management LLC founder James Nicholson&#8217;s request to shorten his 40-year prison term for running a $140 million Ponzi scheme at his hedge fund firm, likening it to the much larger fraud run by Bernard Madoff.<\/p>\n<p>U.S. District Judge Richard Sullivan in Manhattan on Monday [Sept. 22] turned aside Nicholson&#8217;s claims of ineffective assistance of counsel by his former lawyer, saying he would have imposed the same sentence even if other legal arguments had been made.<\/p>\n<p><strong>Read Complete Article<\/strong><a href=\"http:\/\/www.hedgeworld.com\/open_news\/read_newsletter_aa.cgi?section=dail&#038;story=dail23854.html\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; A federal judge rejected Westgate Capital Management LLC founder James Nicholson&#8217;s request to shorten his 40-year prison term for running a $140 million Ponzi scheme at his hedge fund firm, likening it to the much larger fraud run [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44182","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44182","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=44182"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44182\/revisions"}],"predecessor-version":[{"id":44183,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44182\/revisions\/44183"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=44182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=44182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=44182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}