Wednesday, August 22, 2007

A fugitive U.S. hedge fund manager who admitted defrauding investors out of millions of dollars was arrested in Greece on Monday, Greek police said on Tuesday.

Fugitive U.S. hedge fund manager arrested in Greece

Haligiannis told investors his funds managed $180 million in 2003 and that the fund had achieve returns of 1,565 percent between 1996 and 2003, according to the indictment. Based on those claims, Haligiannis raised a total of $26 million from some 80 investors.

Posted by chris :-)) @ 08:23 AM (546 views)
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