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In the week ending October 04th 2024, the fund industry is surprised as "Hedge Fund Industry's Best Fundraiser", Evan Katz (according to his LinkedIn profile) has started to promote yet another "Award-Winning" fund just seven days after the SEC's cease-and-desist order against Katz and his Crawford Ventures Absolute Return Fund LP, penalizing him $202,000 for misleading investors and using falsified documents to raise over $16 million.

On Friday Oct. 4th, Katz started promoting his new role as Managing Director at Blockforce Capital, touting it as a "multiple award-winning" cryptocurrency hedge fund with impressive performance metrics. This behavior echoes Katz's past, particularly his involvement with NIR Group in 2009, where he continued to promote funds even as the firm was freezing withdrawals.

Reports revealed that NIR Group's managing member, Corey Ribotsky, charged over $52 million in fees while offering no real returns to investors. His firm billed an additional $25.83 million in management fees through his collateral management firm, First Street, and even recorded an "introducing fee" of $1.77 million to Katz's Crawford Ventures. These actions left investors with significant losses and ongoing legal battles.

Despite his controversial history, Katz's persistence in continuing to market "award winning" funds raises critical questions. Investors must consider not only a fund's nu......................

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