Rosalind Herman, 61, was also sentenced to three years of supervised release and to pay $1.8 million to the investors….
For five years, Herman and her business partner, Gregg Caplitz, told investors about a new hedge fund company, supposedly owned by Herman, that did not in reality exist, according to prosecutors. The duo took the $1.3 million they received from investors and spent it on themselves and family members, prosecutors said…
Fake Hedge Fund Manager Gets Seven Very Real Years In Prison
