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Monday, May 27, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Sues Hedge Fund|For $62 Million

MANHATTAN (CN) - Pentagon Capital Management, a British hedge fund, and its CEO Lewis Chester defrauded investors and shareholders by late trading and deceptive market timing, the SEC claims in Federal Court. The SEC claims the defendants made $62 million through their illegal trades from 199 through 2003.

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