A California film producer was accused of defrauding hedge fund investors out of $26 million and allegedly using some of the stolen money to fund his lavish lifestyle. The indictment was filed in Manhattan federal court. David Bergstein and co-defendant…
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Hollywood movie producer arrested in New York securities fraud case
Tagged with: Cyrano Group Inc, David Bergstein, Exchange Commission, FBI, New York, Weston Capital Asset Management
New York hedge fund manager spared prison in fraud case
A Manhattan judge sentenced a hedge fund manager to probation rather than prison for securities fraud, saying that the defendant had taken responsibility for his crimes quickly. U.S. District Judge Robert Sweet sentenced Owen Li, the founder of Canarsie Capital…
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