Jesus-Loving Hedge Fund Shut Down By SEC.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
Read Online Read More Add to Saved list
  • Additional Information
    • Subject Terms:
      CALIFORNIA; UNITED States
    • Subject Terms:
      UNITED States. Securities & Exchange Commission
    • Abstract:
      The article reports on an allegedly fraudulent hedge fund that the U.S. Securities and Exchange Commission (SEC) managed to shut down before it was able to attract investors in Beverly Hills, California, in April 2011. It says that the SEC might have prevented another Madoff Ponzi scheme from happening before it even started. According to the SEC, hedge fund salesperson Daniel Lee and principal Elijah Bang targeted retirees by promising annual returns of no less than 12 percent.