A New York fund manager was arrested on Monday on charges of
orchestrating a Ponzi scheme and stealing around $2 million from three hedge
fund investors, U.S. authorities told Yahoo.
Federal prosecutors charged Jason Konior, 39, with
defrauding investors by promising to match their investments in his fund,
Absolute Fund LP, many times over.
Prosecutors said he used $2 million of the money he
collected from three hedge funds to pay his own expenses and to cover
redemption requests from prior investors, according to the criminal complaint
dated February 7...
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