Posts Tagged ‘de shaw’

Hedge Fund Manager Sued by SEC For $16 Million Fraud

Friday, February 20, 2009 12:07 5 Comments

The SEC is suing a former Minnesota hedge fund manager, alleging that he defrauded investors of almost $16 million.
The lawsuit, which was  filed yesterday in Minneapolis federal court, accuses John Lawton of lying to investors about the performance of his Paramount Partners hedge fund, overstating its balance sheet to hide losses. Lawton, who moved his [...]

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