Mar
23
$81M For Aiding $3.65B Ponzi Scheme Sounds About Right To Appeals Court
By
Bright side: No orange jumpsuit.
Hedge fund manager Marlon Quan is going to have to work on his arguments if he wants to keep the ill-gotten $81 million he earned sending money on a few scenic round-trips to help his buddy Tom Petters out.
Marlon Quan concealed evidence of the Petters fraud, partly by engaging in $187 million in “round-trip” transactions, the U.S. Securities and Exchange Commission said in its lawsuit against him….
$81M For Aiding $3.65B Ponzi Scheme Sounds About Right To Appeals Court
