15.08.2025 Jefferies portfolio manager charged in USD 275 million water vending machine Ponzi scheme
Matthias Knab, Opalesque:

Jordan Chirico, 41, portfolio manager of Jefferies Financial Group's 352 Capital ABS Master Fund LP, was indicted on investment adviser and securities fraud charges for concealing personal financial ties to Water Station Management, a USD 275 million Ponzi scheme that defrauded over 250 investors including military veterans.

Chirico held a joint venture partners

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