$22M HEDGE FUND FRAUD LEADS TO SEC BAN FOR MONEY MANAGER
Michael Scronic Pleads Guilty in Ponzi Scheme Michael Scronic, who touted himself as the hedge fund manager of the unregistered Scronic Macro Fund, has agreed to a US Securities and Exchange Commission ban permanently blocking him from buying or selling securities. In a parallel criminal case, Scronic pleaded guilty to securities fraud that involved 45…