taken down by another paisano

see if you recognize what I mean








And another Fund Manager pleads guilty
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Thursday 5 Nov 2009 09:00 GMT

From Federal Bureau of Investigation (FBI) - see full story

From The FBI - San Francisco: Alexander James Trabulse pleaded guilty in federal court today to one count of mail fraud, United States Attorney Joseph P. Russoniello announced.

In pleading guilty, Trabulse, who managed San Francisco-based hedge funds known as the Fahey Hedge Fund and Fahey Financial Group Inc., admitted to engaging in fraudulent conduct that caused investors to lose approximately $8.3 million. Specifically, in or about 1998 through 2007, Trabulse deceived investors by mailing fraudulent periodic account statements that made materially false representations about the true disposition of their funds, and materially overstated the investors’ returns and account balances. By in or about 2006, approx. 165 investors had invested a total principal amount of approximately $17.6 million. Trabulse misled these investors into believing that their investments in the Fahey Funds were worth a total of approximately $50 million, when in fact their investments were worth tens of millions of dollars less than that amount.