STOLE $3.6 MILLION FROM HIS INVESTORS
In a press release issued on April 19, 2024, the United States Department of Justice announced that a Florida man, MWW (48) of Miami, Florida, was sentenced to 366 days in prison for his use of a “hedge fund management company” as the front for a “years-long, multimillion-dollar Ponzi scheme.”
Apparently, MWW is said to have purloined some $3.6 million from his victims and used the cash for “undisclosed and unauthorized purposes.” (Among other things, he used the money to settle lawsuits and to repay some disgruntled investors.)
How’s that for a hedge hog?
# # #