WEST PALM BEACH, FL (HEDGECO.NET) – The assets of arrested hedge fund manager Kirk Wright, formerly of supposed hedge fund, International Management Associates, are being p\u00c3\u0192\u00c2\u00bct up for auction next week. Wright was indicted last month in federal court on 21 counts of mail fraud and three counts of securities fraud. The July 28 auction of Wright\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s assets was ordered by the U.S. Bankruptcy Court.<\/p>\n
Wright and his company were accused of collecting between $115 million and $185 million from at least 500 investors since 1997 and misleading some of them through false statements and documents, to believe the value of those investments was increasing. Wright was arrested in Miami in May after spending three months on the lam as a fugitive. <\/p>\n
Clients that Wright was indicted for scamming include several prominent National Football League players, former Denver Bronco and Georgia Bulldog star Terrell Davis and his pro teammates Steve Atwater, Rod Smith, Ray Crockett, Blaine Bishop and Al Smith. Wright\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s mother also is among the victims he is alleged to have scammed. <\/p>\n
Up for auction will be Wright\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s six-bedroom house, which underwent $1 million in renovations last year, as well as a condominium, office building, and a series of cars, including an Aston Martin, a Bentley and a 1967 BMW<\/span>. <\/p>\n<\/div>\n Alex Akesson HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<\/p>\n Be sure to check out our sister sites. www.hedgefundlounge.com<\/a>, www.hedgefundtools.com,<\/a><\/strong> and www.hedgefundemployment.com.<\/strong><\/a><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" WEST PALM BEACH, FL (HEDGECO.NET) – The assets of arrested hedge fund manager Kirk Wright, formerly of supposed hedge fund, International Management Associates, are being p\u00c3\u0192\u00c2\u00bct up for auction next week. Wright was indicted last month in federal court on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4749","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4749","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=4749"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4749\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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