A federal judge has frozen the assets of a hedge fund and its manager after the Securities and Exchange Commission accused them of misappropriating assets and misleading investors, finalternatives writes.
The SEC sued Berton Hochfeld and his Hochfeld Capital
earlier this month. The regulator said that Hochfeld had stolen some $1.3
million of the at least $6 million he raised, using some of it to buy a
collection of antiques. Hochfeld, who was arrested on Nov. 9 on fraud charges,
allegedly kept clients of his Heppelwhite Fund in the dark with a series of
bogus account statements.
Hochfeld also allegedly violated a 2006 SEC ban from the
industry—a ban that he allegedly neglected to tell Heppelwhite investors about…..
Get the whole picture at https://www.finalternatives.com/node/22190
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