{"id":8728,"date":"2008-09-30T00:00:00","date_gmt":"2008-09-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"former-hedge-fund-manager-michael-lauer-found-guilty","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/former-hedge-fund-manager-michael-lauer-found-guilty.html","title":{"rendered":"Former hedge fund manager Michael Lauer found guilty"},"content":{"rendered":"<p>A federal judge in Miami has found that former hedge fund manager Michael Lauer defrauded investors out of more than $500 million between 1999 and 2002.<\/p>\n<p>U.S. District Court Judge Kenneth A. Marra, in a 67-page order issued last week, found that Lauer manipulated the prices of seven securities that were a large part of the funds&rsquo; portfolios, but failed to provide any basis for the exorbitant valuations and lied to investors about the hedge funds actual holdings.<\/p>\n<p>The judge said in his order that Lauer&rsquo;s actions, as head of Lancer Management Group and Lancer Management Group II, were &quot;egregious, pervasive, premeditated and resulted in the loss of hundreds of millions of dollars in investors&#8217; funds.&quot;<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bizjournals.com\/southflorida\/stories\/2008\/09\/29\/daily3.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A federal judge in Miami has found that former hedge fund manager Michael Lauer defrauded investors out of more than $500 million between 1999 and 2002. U.S. District Court Judge Kenneth A. Marra, in a 67-page order issued last week, [&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":[2692,408,67,509,823,83,2131,588,2845],"class_list":["post-8728","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-advisory-services","tag-attractiveness","tag-chief-executive","tag-federal-reserve","tag-investment-counselor","tag-medallion","tag-misrepresentation","tag-palm-beach","tag-r-alexander"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8728","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=8728"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8728\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}