{"id":7917,"date":"2008-06-18T00:00:00","date_gmt":"2008-06-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"us-man-faces-longer-jail-term-for-hedge-fund-fraud-in-hong-kong","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/us-man-faces-longer-jail-term-for-hedge-fund-fraud-in-hong-kong.html","title":{"rendered":"US man faces longer jail term for hedge fund fraud in Hong Kong"},"content":{"rendered":"<p>MSN UK News- The Hong Kong media says a 63-year-old U.S. citizen has received a longer jail term for masterminding a HK$363 million, or US$46.49 million or euro30 million, hedge fund fraud.<\/p>\n<p>The South China Morning Post reported Wednesday that a court added 26 months to Charles Schmitt&#8217;s sentence. It says Schmitt was sentenced in 2006 to 4 1\/2 years in prison after he pleaded guilty to 19 charges for forging financial statements.<\/p>\n<p>A three-judge panel at the Court of Appeal is quoted as saying that the original sentence was &quot;manifestly inadequate.&quot;<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/news.uk.msn.com\/article.aspx?cp-documentid=8635822\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MSN UK News- The Hong Kong media says a 63-year-old U.S. citizen has received a longer jail term for masterminding a HK$363 million, or US$46.49 million or euro30 million, hedge fund fraud. The South China Morning Post reported Wednesday that [&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":[577,933,934,935],"class_list":["post-7917","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-6-million","tag-armed-and-dangerous","tag-audits","tag-exchange-value"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7917","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=7917"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7917\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}