FBI steps up Fletcher’s follies probe

The feds have ramped up their investigation of Manhattan hedge fund Fletcher Asset Management, The Post has learned. Fletcher International, the hedge fund run by Alphonse “Buddy” Fletcher, filed for bankruptcy in June amid a battle with three Louisiana pension funds seeking to recover $100 million they invested. The investors say the money has disappeared, and they have accused Fletcher of an “intricate shell game” to move the money around in what a bankruptcy judge has called a “hydra-headed organization.”………………..............................………………………………………………….....................................................................Find out more at http://www.nypost.com/p/news/business/fbi_steps_up_fletcher_follies_probe_Col6hUJOs0BO7GQMZCLx1L