{"id":48813,"date":"2015-06-18T08:39:53","date_gmt":"2015-06-18T12:39:53","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=48813"},"modified":"2015-06-18T08:39:53","modified_gmt":"2015-06-18T12:39:53","slug":"new-jersey-man-posing-as-hedge-fund-manager-charged-with-fraud","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2015\/new-jersey-man-posing-as-hedge-fund-manager-charged-with-fraud.html","title":{"rendered":"New Jersey Man Posing as Hedge Fund Manager Charged with Fraud"},"content":{"rendered":"<p>New York (HedgeCo.net) \u2013 The Securities and Exchange Commission and the Department of Justice have filed three counts of wire fraud and two counts of securities fraud against a New Jersey man they say was posing as a hedge fund manager.<\/p>\n<p>Nicholas Lattanzio of Montclair, New Jersey operated the Black Diamond Capital Appreciation Fund LP and presented himself as a successful hedge fund manager. He is accused of coercing an oil and gas company in New York and a hotel in Atlanta to wire him $2 million each. The funds were supposed to be an advance as Lattanzio helped both companies arrange financing.<\/p>\n<p>Authorities say that instead he spent the funds on a million dollar home, a Land Rover, Tiffany jewelry, and Yankees tickets.<br \/>\n&#8220;Lattanzio masqueraded as a sophisticated hedge fund manager to capitalize on small businesses&#8217; legitimate need for financing&#8221; and to &#8220;bankroll his affluent lifestyle,&#8221; Andrew Calamari, director of the SEC&#8217;s New York office, said in a statement.<\/p>\n<p>If convicted, Lattanzio could get up to 20 years in prison for each fraud count.<\/p>\n<p>Rick Pendergraft<br \/>\nResearch Analyst<br \/>\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) \u2013 The Securities and Exchange Commission and the Department of Justice have filed three counts of wire fraud and two counts of securities fraud against a New Jersey man they say was posing as a hedge fund [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-48813","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48813","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=48813"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48813\/revisions"}],"predecessor-version":[{"id":48814,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48813\/revisions\/48814"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=48813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=48813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=48813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}