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Editor: Debra G. Speyer, Esq.
Profession: Attorney

Category: Fraud in the News

In the unregulated Wild West World of hedge funds where just about anyone can open a hedge fund and accept millions of dollars from investors, another hedge fund manager has pleaded guilty for defrauding investors in his commodity pool and stealing their capital.

Anthony M. Ramunno Jr., 46, of Alphretta, Ga. faces up to 40 years in prison and a fine of $500,000 on two counts of wire and mail fraud by a grand jury in the U.S. District Court for the Northern District of Georgia.

Weekly, I receive calls in my law practice representing investors who have invested with unscrupulous hedge fund managers. With hedge funds going down as rapidly as they climb up, this is a market of the buyer beware. While there are supurb hedge fund managers, one has to be very careful with whom one gives their money to. securities practice about people who have invested with unscrupulous hedge fund managers.