Friday, December 7, 2012

Feds charge two more with securities violations in hedge fund fraud




Brent Hunsberger of The Oregonian reports that  federal regulators have charged three men -- two from Oregon -- with violating securities laws when they recruited more than 40 investors to entrust nearly $16 million with a Lake Oswego hedge-fund manager now accused of fraud.

The U.S. Securities and Exchange Commission on Thursday charged Dominic O'Dierno of Portland, Stephen Persad of Milwaukie and Benjamin R. Daniels of Indio, Calif., of violating the registration requirements of federal securities laws.

The three earned a total of nearly $800,000 in commissions for hooking investors up with Yusaf Jawed, now accused of running a $37 million Ponzi scheme with his hedge funds at Grifphon Asset Management…..

More?  Go to http://www.oregonlive.com/finance/index.ssf/2012/12/three_brokers_charged_with_sec.html

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