{"id":6919,"date":"2019-04-10T11:08:41","date_gmt":"2019-04-10T16:08:41","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6919"},"modified":"2019-04-10T11:08:41","modified_gmt":"2019-04-10T16:08:41","slug":"investor-fraud-crimes-sentencing","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investor-fraud-crimes-sentencing\/","title":{"rendered":"Investor Fraud Crimes: Ex-Hedge Fund Manager and Investment Advisor Sentenced"},"content":{"rendered":"<p>\t\t\t\tRaymond Montoya, a former Boston hedge fund manager, is sentenced to 14 years in prison. According to the <a href=\"https:\/\/www.justice.gov\/usao-ma\/pr\/hedge-fund-manager-sentenced-operating-multi-million-dollar-ponzi-scheme\" target=\"_blank\" rel=\"noopener noreferrer\">US Attorney&#8217;s Office for the District of Massachusetts<\/a>, Montoya, 70, pleaded guilty to multiple counts of wire fraud, mail fraud, and charging an unlawful monetary transaction after the government accused him of deceiving investors of his RMA Strategy Opportunity Fund and costing them more than $30M.<\/p>\n<p>The ex-hedge fund manager and owner of Research Magnate Advisors\u00a0admitted to stealing money to support his luxury lifestyle. Some of his victims were his own friends and relatives.<\/p>\n<p>Investors in the RMA Strategy Opportunity Fund were under the impression that the fund held more money than it actually did. Meanwhile, Montoya falsely touted possession of proprietary software that could help make wise investment choices involving bonds and stocks and would supposedly lead to returns. The investor fraud went on from at least 2009 to about mid-2017, which is when <a href=\"http:\/\/www.sec.state.ma.us\" target=\"_blank\" rel=\"noopener noreferrer\">Massachusetts Secretary of the Commonwealth William Galvin<\/a> brought a civil fraud case against Montoya.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/investor-fraud-crimes-sentencing\/\"  title=\"Continue Reading Investor Fraud Crimes: Ex-Hedge Fund Manager and Investment Advisor Sentenced\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Raymond Montoya, a former Boston hedge fund manager, is sentenced to 14 years in prison. According to the US Attorney&#8217;s Office for the District of Massachusetts, Montoya, 70, pleaded guilty to multiple counts of wire fraud, mail fraud, and charging an unlawful monetary transaction after the government accused him of deceiving investors of his RMA [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6590,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3748,3781,3738],"tags":[3212,2857,3362],"class_list":["post-6919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hedge-funds","category-investment-advisers","category-investor-fraud","tag-kimberly-kitts","tag-raymond-montoya","tag-rma-strategy-opportunity-fund"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investor Fraud Crimes: Ex-Hedge Fund Manager and Investment Advisor Sentenced &#8212; Investor Lawyers Blog &#8212; April 10, 2019<\/title>\n<meta name=\"description\" content=\"Read about the latest investor fraud crimes including an ex-hedge fund manager and investment advisor that were sentenced for investment fraud.\" \/>\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\/investor-fraud-crimes-sentencing\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investor Fraud Crimes: Ex-Hedge Fund Manager and Investment Advisor Sentenced &#8212; Investor Lawyers Blog &#8212; April 10, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Read about the latest investor fraud crimes including an ex-hedge fund manager and investment advisor that were sentenced for investment fraud.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.27.18.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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