{"id":1198,"date":"2013-02-12T19:31:50","date_gmt":"2013-02-12T19:31:50","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/02\/securities_fraud_litigation_ro"},"modified":"2022-03-10T16:35:53","modified_gmt":"2022-03-10T22:35:53","slug":"securities-fraud-litigation-ro","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-litigation-ro\/","title":{"rendered":"Securities Fraud Litigation Roundup: Former Hedge Fund Exec Admits to $1M Investment Fraud, SEC Files Penny Stock Scam Case& Class Action Claims Against Contact Lens Maker are Dismissed"},"content":{"rendered":"

\t\t\t\tEx-Hedge Fund Exec Pleads Guilty to $1M Investment Fraud<\/strong><\/p>\n

In the U.S. District Court for the Southern District of New York, ex-hedge fund principal Berton Hochfeld pleaded guilty to wire fraud and securities charges<\/a> over his alleged role in an investment scam that bilked investors of over $1M. He had been the organizer of limited liability Hochfield Capital, the general partner of Heppelwhite Fund LLP, which was set up to invest in publicly traded securities.<\/p>\n

According to prosecutors, Hochfeld issued false representations to investors about the investments they made while misappropriating their money. He also is accused of taking money from Heppelwhite. Hochfeld will pay restitution and forfeit illegal profits. He will be sentenced this summer.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Ex-Hedge Fund Exec Pleads Guilty to $1M Investment Fraud In the U.S. District Court for the Southern District of New York, ex-hedge fund principal Berton Hochfeld pleaded guilty to wire fraud and securities charges over his alleged role in an investment scam that bilked investors of over $1M. He had been the organizer of limited […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3748,3801,3760],"tags":[],"class_list":["post-1198","post","type-post","status-publish","format-standard","hentry","category-hedge-funds","category-sec","category-sec-enforcement"],"yoast_head":"\nSecurities Fraud Litigation Roundup: Former Hedge Fund Exec Admits to $1M Investment Fraud, SEC Files Penny Stock Scam Case& Class Action Claims Against Contact Lens Maker are Dismissed — Investor Lawyers Blog — February 12, 2013<\/title>\n<meta name=\"description\" content=\"Ex-Hedge Fund Exec Pleads Guilty to $1M Investment Fraud In the U.S. District Court for the Southern District of New York, ex-hedge fund principal Berton — February 12, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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