{"id":7776,"date":"2008-05-26T00:00:00","date_gmt":"2008-05-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-suicide","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2008\/hedge-fund-suicide.html","title":{"rendered":"Hedge Fund Suicide"},"content":{"rendered":"<p>West Palm Beach (Hedge Co.Net)- Kirk Sean Wright, CEO of hedge fund International Management Associates of Atlanta hanged himself in a Union City jail cell Saturday night.<\/p>\n<p>Wright was convicted by a federal jury on 47 counts of mail fraud, securities fraud and money laundering, stemming from a scam run through his hedge fund, International Management Associates. He collected between $115 million and $185 million for his hedge fund from at least 500 investors since 1997. <\/p>\n<p>The FBI in association with the IRS, DOJ and SEC investigated why requests by current and former NFL players for their funds were ignored. <\/p>\n<p>Wright maintained his innocence until the end, contending that simple mis-management was to blame for his investors&#8217; losses.<\/p>\n<p>Alex Akesson<\/p>\n<p>Editor for HedgeCo.Net<br \/>Email: <a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><\/p>\n<p>HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on <a href=\"..\/news\/04\/news\/04\/news\/01\/\" target=\"_self\">www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<br \/>Be sure to check out our sister sites. For more information, visit <a href=\"http:\/\/www.hedgeconetworks.com\/\" target=\"_self\">www.hedgeconetworks.com<\/a><\/p>\n<p><a href=\"..\/news\/news_land.php?i=http:\/\/www.nypost.com\/seven\/05262008\/business\/csx_case_challenges_hedge_funds_scam_112592.htm\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>West Palm Beach (Hedge Co.Net)- Kirk Sean Wright, CEO of hedge fund International Management Associates of Atlanta hanged himself in a Union City jail cell Saturday night. Wright was convicted by a federal jury on 47 counts of mail fraud, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[346,100,269,297,345,186,299,344,106,295,266,236],"class_list":["post-7776","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","tag-board-of-directors","tag-boston","tag-british-people","tag-david-nahmias","tag-investigations","tag-istanbul","tag-luxury-cars","tag-management-associates","tag-prison-term","tag-reversals","tag-sun-sentinel","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7776","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=7776"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7776\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}