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Detroit hedge fund manager gets 100-month prison sentence for $39M investor fraud
Read full article: Detroit hedge fund manager gets 100-month prison sentence for $39M investor fraudAndrew H. Middlebrooks, the former majority owner, chief executive officer, chief investment officer, and portfolio manager of EIA All Weather Alpha Fund 1 Partners (EIA), has been sentenced to 100 months in federal prison after pleading guilty to wire fraud charges.
How Detroit man hid ‘catastrophic losses’ from 100+ investors who put $27 million into fraud company
Read full article: How Detroit man hid ‘catastrophic losses’ from 100+ investors who put $27 million into fraud companyA 30-year-old Detroit man who was once considered a “child prodigy” convinced at least 100 investors to spend millions of dollars on a fraudulent company and hid the fact that it was experiencing “catastrophic losses,” officials said.