Three senior executives of New Stream Capital, a Connecticut
hedge fund, were arrested and charged on Tuesday for allegedly lying about the
fund's structure and financial condition in 2008 before it failed, Reuters
reports.
A grand jury indicted Managing Partners David Bryson and
Bart Gutekunst and Chief Financial Officer Richard Pereira on charges of
conspiracy, securities fraud and wire fraud, the U.S. Justice Department said. The executives pleaded not guilty and were
released on bail, the department said.
The U.S. Securities and Exchange Commission filed related
charges against the three executives and settled a related case against the
fund's head of investor relations, Tara Bryson, who is David Bryson's sister...
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