HIS FUND WAS MORE OPPORTUNISTIC THAN AN OPPORTUNITY
MWW (48) of Miami, Florida, pleaded guilty in mid-October to using his hedge fund as part of a “years-long Ponzi scheme.”
MWW supposedly convinced victims to invest some $3 million in “Guardian Opportunity Management” and used their monies for “undisclosed an unauthorized purposes,” like repaying earlier investors who were threatening to sue him for fraud.
Conceding that he committed wire fraud, the man faces a maximum of 20 years in prison.
Think he failed to hedge his bets there?
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