{"id":5804,"date":"2015-06-12T00:00:00","date_gmt":"2015-06-12T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/06\/new_jersey_hedge_fund_manager"},"modified":"2022-05-06T15:45:49","modified_gmt":"2022-05-06T20:45:49","slug":"new-jersey-hedge-fund-manager","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/new-jersey-hedge-fund-manager\/","title":{"rendered":"New Jersey Hedge Fund Manager Faces SEC Charges for Bilking Small Businesses Out of Over $4M"},"content":{"rendered":"<p>The Securities and Exchange Commission is charging Nicholas Lattanzio with <a href=\"https:\/\/www.securities-fraud-attorneys.com\">hedge fund fraud<\/a>. The New Jersey man is accused of pretending to be a hedge fund manager and bilking small companies out of over $4 million.<\/p>\n<p>According to the regulator, Lattanzio falsely promised small businesses that he would organize project financing for them and bring in healthy returns on money they invested in his Black Diamond Capital Appreciation Fund. He purportedly told them that they could take their money out of the project if the financing didn\u2019t happen. He also allegedly claimed that the fund had up to $800 million under management and a history of generating double-digit returns.<\/p>\n<p>The SEC, however, says that the fund never held anything above $5 million in assets and that Lattanzio took investors\u2019 money for his own spending, including the purchase of an expensive home, a luxury car, merchandise from Tiffany &amp; Co., over $760K in credit card debt, private school tuition for his children, and other expenses.<\/p>\n<p>According to the SEC\u2019s complaint two of Lattanzio\u2019s victims were small companies seeking capital to finance their business. Lattanzio purportedly told them directly and through representatives that the companies would be able to get capital through a lending facility as long they invested a percentage of the capital that they wanted with Black Diamond first.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/new-jersey-hedge-fund-manager\/#more-5804\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission is charging Nicholas Lattanzio with hedge fund fraud. The New Jersey man is accused of pretending to be a hedge fund manager and bilking small companies out of over $4 million. According to the regulator, Lattanzio falsely promised small businesses that he would organize project financing for them and bring [&hellip;]<\/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],"tags":[],"class_list":["post-5804","post","type-post","status-publish","format-standard","hentry","category-hedge-funds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Jersey Hedge Fund Manager Faces SEC Charges for Bilking Small Businesses Out of Over $4M &#8212; Investor Lawyers Blog &#8212; June 12, 2015<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission is charging Nicholas Lattanzio with hedge fund fraud. The New Jersey man is accused of pretending to be a hedge &#8212; June 12, 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\/new-jersey-hedge-fund-manager\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"New Jersey Hedge Fund Manager Faces SEC Charges for Bilking Small Businesses Out of Over $4M &#8212; Investor Lawyers Blog &#8212; June 12, 2015\" \/>\n<meta name=\"twitter:description\" content=\"The Securities and Exchange Commission is charging Nicholas Lattanzio with hedge fund fraud. The New Jersey man is accused of pretending to be a hedge &#8212; June 12, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New Jersey Hedge Fund Manager Faces SEC Charges for Bilking Small Businesses Out of Over $4M &#8212; Investor Lawyers Blog &#8212; June 12, 2015","description":"The Securities and Exchange Commission is charging Nicholas Lattanzio with hedge fund fraud. The New Jersey man is accused of pretending to be a hedge &#8212; June 12, 2015","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/new-jersey-hedge-fund-manager\/","twitter_card":"summary_large_image","twitter_title":"New Jersey Hedge Fund Manager Faces SEC Charges for Bilking Small Businesses Out of Over $4M &#8212; Investor Lawyers Blog &#8212; June 12, 2015","twitter_description":"The Securities and Exchange Commission is charging Nicholas Lattanzio with hedge fund fraud. The New Jersey man is accused of pretending to be a hedge &#8212; June 12, 2015","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/new-jersey-hedge-fund-manager\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-jersey-hedge-fund-manager\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"New Jersey Hedge Fund Manager Faces SEC Charges for Bilking Small Businesses Out of Over $4M","datePublished":"2015-06-12T05:00:00+00:00","dateModified":"2022-05-06T20:45:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/new-jersey-hedge-fund-manager\/"},"wordCount":487,"articleSection":["Hedge Funds"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/new-jersey-hedge-fund-manager\/","url":"https:\/\/www.investorlawyers.com\/blog\/new-jersey-hedge-fund-manager\/","name":"New Jersey Hedge Fund Manager Faces SEC Charges for Bilking Small Businesses Out of Over $4M &#8212; Investor Lawyers Blog &#8212; June 12, 2015","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2015-06-12T05:00:00+00:00","dateModified":"2022-05-06T20:45:49+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The Securities and Exchange Commission is charging Nicholas Lattanzio with hedge fund fraud. 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