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Securities Fraud

The SEC claims that Michael Scott Williams, 51, of Sarasota, Fla. and Puerto Rico, defrauded investors of $39 million in his co-defendant Kinetic Funds, “a purported hedge fund,” and misappropriated “at least $6.3 million” of it for himself, in federal court.

TAMPA, Fla. — The SEC claims in a federal complaint that Michael Scott Williams, 51, of Sarasota, Fla., and Puerto Rico, defrauded investors of $39 million in his co-defendant Kinetic Funds, “a purported hedge fund,” and misappropriated “at least $6.3 million” of it for himself.

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