Hedge Fund NIR, Founder Accused Of Fraud

Sep 28 2011 | 3:05pm ET

After years of rumors, allegations and investigations, hedge fund manager Corey Ribotsky has been formally accused of wrongdoing.

The Securities and Exchange Commission today filed suit against Ribotsky and his NIR Group, alleging that the former misappropriated more than $1 million to fund a lavish lifestyle.


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Publisher's Note

    Save The Date: FINforums Annual Hedge Fund Summit

    Feb 21 2012 | 9:10am ET

    Deirdre BrennanDeirdre BrennanFINforums, the events arm of FINalternatives, is holding its Annual Hedge Fund Summit on Sept. 20, 2012 at the Sentry Centers in New York City. Don't miss out on this chance to meet and mingle with the top decision makers and investors in the alternative asset management industry.
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