Hedge Fund

BROOKLYN – Investors claim it took Bright Lake Management just a year to lose 99 percent of the $9.6 million they put into its hedge fund; click headline to see the defendants in Kings County Court.     Here are the defendants: the alleged “architect” of the scheme, Ilan Preis; and Bright Lake LP, Bright Lake Management LLC, Bright Lake Investment Services LLC, Bright Lake Fund LP, Bright Lake Capital LLC, and Bright Lake Advisors LLC.