{"id":4336,"date":"2017-05-18T20:03:41","date_gmt":"2017-05-19T01:03:41","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4336"},"modified":"2017-05-18T20:03:41","modified_gmt":"2017-05-19T01:03:41","slug":"ex-hedge-fund-manager-pleads-guilty-9m-investment-scam-defrauded-50","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-hedge-fund-manager-pleads-guilty-9m-investment-scam-defrauded-50\/","title":{"rendered":"Ex-Hedge Fund Manager Pleads Guilty to $9M Investment Scam that Defrauded Investors Nearing Retirement"},"content":{"rendered":"

\t\t\t\tTamer Moumen, an ex-hedge fund manager, has pleaded guilty to wire fraud<\/a>. He now faces up to 20 years in prison for a $9M investment. <\/p>\n

Moumen defrauded over 50 investors. Many of his investors were close to retirement age. He advised dozens of them to liquidate retirement accounts, among other investments, and let him handle their funds. <\/p>\n

Moumen used their funds to support his own spending, including the purchase of a $1M home, and also to pay back earlier investors. Moumen claimed to manage tens of millions of dollars through Crescent Ridge Capital Partners. He told clients he was a successful trader even though he lacked experience managing hedge funds and had lost money investing in securities before. <\/p>\n

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

Tamer Moumen, an ex-hedge fund manager, has pleaded guilty to wire fraud. He now faces up to 20 years in prison for a $9M investment. Moumen defrauded over 50 investors. Many of his investors were close to retirement age. He advised dozens of them to liquidate retirement accounts, among other investments, and let him handle […]<\/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":[3748,3803],"tags":[],"class_list":["post-4336","post","type-post","status-publish","format-standard","hentry","category-hedge-funds","category-senior-investors"],"yoast_head":"\nEx-Hedge Fund Manager Pleads Guilty to $9M Investment Scam that Defrauded Investors Nearing Retirement — Investor Lawyers Blog — May 18, 2017<\/title>\n<meta name=\"description\" content=\"Tamer Moumen, an ex-hedge fund manager, has pleaded guilty to wire fraud. He now faces up to 20 years in prison for a $9M investment. 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