After spinning a series of fairytales that would put the Brothers Grimm to shame, Boston resident Andrey Hicks was sentenced Wednesday to 40 months’ incarceration for running a $2.3 million scam against at least 10 investors. Hicks, 29, was originally indicted for wire fraud in October of 2011 and by December of 2012, he would… Continue Reading
Tag Archives: Hedge-fund fraud
Pretend Hedge-Fund Star Left $4,000 Tip at Hollywood Nightclub “Specifically for Business”
Posted in Ponzi ProfilesGeorge Sepero of Glen Rock, NJ, has pleaded guilty to multiple charges of fraud in connection with a $3.5 million Ponzi scheme. The 40-year-old Sepero ran a web of phony hedge funds and foreign currency trading accounts in collusion with fellow New Jersey residents Carmelo Provenzano, 29, and Daniel Dragan, 41. Both Provenzano and Dragan… Continue Reading
Hedge-Fund Fraudster Flew off with Half a Billion
Posted in Ponzi ProfilesHelmut Kiener, convicted in his native Germany for running a $500 million hedge-fund Ponzi scheme, has now been indicted in the United States on multiple counts of fraud and money laundering. He is currently sitting out a 10-year sentence in a German prison. Last week the US Attorney’s Office in Philadelphia alleged that from 2005… Continue Reading