{"id":254,"date":"2007-10-23T02:21:34","date_gmt":"2007-10-23T02:21:34","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/10\/exwood_rivers_partners_hedge_f"},"modified":"2021-11-12T13:08:34","modified_gmt":"2021-11-12T19:08:34","slug":"exwood-rivers-partners-hedge-f","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/exwood-rivers-partners-hedge-f\/","title":{"rendered":"Ex-Wood Rivers Partners Hedge Fund Manager to Serve 3 Years in Prison for Defrauding Investors of $88 Million"},"content":{"rendered":"

\t\t\t\tWood Rivers Partners LP Founder John Whittier has been ordered to serve 36 months in federal prison. The former hedge fund manager pled guilty to charges that he defrauded investors<\/a> of about $88 million over a two-year-period. <\/p>\n

Whittier admitted to deceiving investor clients and making them think that he would keep risks low while he employed diverse investment strategies. Prosecutors also say that Whittier lied when he told investors that the hedge fund they had invested in was being audited.<\/p>\n

Instead, Whittier placed about 80% of the assets in his Wood River US hedge fund portfolio, worth $127 million, into one stock, called Endwave. In doing so, he was in breach of his investors’ trust. <\/p>\n

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

Wood Rivers Partners LP Founder John Whittier has been ordered to serve 36 months in federal prison. The former hedge fund manager pled guilty to charges that he defrauded investors of about $88 million over a two-year-period. Whittier admitted to deceiving investor clients and making them think that he would keep risks low while he […]<\/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":[3741],"tags":[],"class_list":["post-254","post","type-post","status-publish","format-standard","hentry","category-securities-fraud"],"yoast_head":"\nEx-Wood Rivers Partners Hedge Fund Manager to Serve 3 Years in Prison for Defrauding Investors of $88 Million — Investor Lawyers Blog — October 23, 2007<\/title>\n<meta name=\"description\" content=\"Wood Rivers Partners LP Founder John Whittier has been ordered to serve 36 months in federal prison. 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