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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Hedge Fund Boss Must Pay $62.5 Million

MIAMI (CN) - Michael Laurer, head of two Connecticut-based hedge funds, must pay $62.5 million for fraud charges of which he was convicted last year, the SEC said today (Friday). U.S. District Judge Kenneth Marra ordered Laurer to pay $43.6 million in ill-gotten gains involving Lancer Management Group I & II,, plus $18.9 million in interest.

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