MANHATTAN (CN) - Two crooked hedge fund managers were sentenced to federal prison on Friday for defrauding people of $20 million. Alan Fishman, owner-president of A.R. Capital Group got 37 months, and Daniel Ledven, the company's manager got 57 months.
Rather than use the money for leveraged real estate deal, the men sent $18 million of it to bank accounts in the Ukraine.
Fishman, 50, lived in Brooklyn; Ledven, 38, in Cresskill, N.J.
Categories / Uncategorized
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.