Legal – 3V hedge fund COO Mark Focht charged with theft of $250,000, Pension adviser Pacific Corporate Group settles NY kickback probe with $2m, ICAP unit and ex-broker are fined in fees case
3V hedge fund COO Mark Focht charged with theft of $250,000
From WCAX.com: A hedge fund's chief operating officer has been charged in New York with forging documents so he could steal $250,000 from 1 of the funds he managed.
Prosecutors say Mark A. Focht of Suffern, N.Y., used a forged authorization form in April 2007 to take money from a bank account belonging to Pierce Diversified Strategy Master Fund. That fund...
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