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Sunday, July 21, 2024 | Back issues
Courthouse News Service Courthouse News Service

Hedge Fund Busted

Described as “a recidivist convicted felon," Nicholas Joseph Genovese and his company Willow Creek Investments was hit Friday with SEC fraud and parallel criminal charges .

WASHINGTON — The SEC on Friday charged Nicholas Joseph Genovese, 52, of New York City, “a recidivist convicted felon who lost or outright stole most of the money that investors entrusted to him,” and his company Willow Creek Investments with defrauding investors of $5.3 million and skimming more than $260,000 from it; parallel criminal charges were filed in federal court.

Categories / Criminal, Securities

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