{"id":1755,"date":"2015-12-07T15:58:33","date_gmt":"2015-12-07T15:58:33","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/12\/ny_man_convicted_in_800k_fraud"},"modified":"2015-12-07T15:58:33","modified_gmt":"2015-12-07T15:58:33","slug":"ny-man-convicted-in-800k-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ny-man-convicted-in-800k-fraud\/","title":{"rendered":"NY Man Convicted in $800K Hedge Fund Fraud"},"content":{"rendered":"

\t\t\t\tNew York Attorney General Eric Schneiderman has issued a statement announcing the conviction of Mazzam Ifzal Malik, also known as Mark Malik, on 28 criminal charges that involved him stealing over $800,000 from investors. According to the state, the hedge fund manager set up fake hedge funds so he could take investors’ money. <\/p>\n

During cold calls to investors in the United States and abroad, Malik claimed that he had extensive experience on Wall Street, including having managed over $5 billion in assets. Schneiderman, however, said that the 33-year-old only had been a financial consulting trainee. He also was a registered broker but for just two years.
\nMalik’s real job experience involved working as a traffic agent, waiter, and security guard.<\/p>\n

Yet with this lack of experience, from ’11-’15 Malik managed the following bogus hedge funds:<\/p>\n

\u2022\tWall Street Creative Partners \u2022\tWolf Hedge LLC.
\n\u2022\tAmerican Bridge Investments L.P.
\n\u2022\tSeven Sages Capital, L.P.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New York Attorney General Eric Schneiderman has issued a statement announcing the conviction of Mazzam Ifzal Malik, also known as Mark Malik, on 28 criminal charges that involved him stealing over $800,000 from investors. According to the state, the hedge fund manager set up fake hedge funds so he could take investors’ money. During cold […]<\/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":[3748,3741],"tags":[],"class_list":["post-1755","post","type-post","status-publish","format-standard","hentry","category-hedge-funds","category-securities-fraud"],"yoast_head":"\nNY Man Convicted in $800K Hedge Fund Fraud — Investor Lawyers Blog — December 7, 2015<\/title>\n<meta name=\"description\" content=\"New York Attorney General Eric Schneiderman has issued a statement announcing the conviction of Mazzam Ifzal Malik, also known as Mark Malik, on 28 — December 7, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/ny-man-convicted-in-800k-fraud\/\" \/>\n<meta name=\"twitter:card\" 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