Sunday, 19 April 2015
Last updated 7 hours ago
May 28 2010 | 9:43am ET
The Colorado hedge fund manager who allegedly defrauded investors of more than $100 million and then threatened to kill himself has put his own money beyond reach.
Sean Mueller yesterday accepted an indefinite asset freeze. The preliminary injunction, sought by the Colorado Securities Commission, was approved by a judge. Mueller did not admit or deny any wrongdoing in agreeing to the injunction.
Mueller and his Mueller Capital Management have been sued by the CSC and are the subject of a criminal investigation.
According to the state’s lawsuit against him, Mueller admitted he scammed investors in a series of e-mails and notes written prior to his suicide attempt. In a note written after the suicide attempt, Mueller admitted that documents claiming his Over-Under Fund managed $122 million were falsified. He wrote that only $15 million remained of the $20.6 million he collected.
Mueller also allegedly promised double-digit returns regardless of market conditions, telling potential investors he had never lost money in eight years and consistently returned between 12% and 25% annually.
On April 22, Mueller sent an e-mail to clients allegedly apologizing for the fraud and threatening to kill himself. He was later talked down from the second-story ledge of a Greenwood Village, Colo., parking structure.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…