Woman Accused Of Claiming Soros Link In Fraud

May 15 2012 | 12:23pm ET

A New Jersey woman has been arrested for selling access to a George Soros hedge fund, access she allegedly did not have.

Dunya Predovan actually ran a Ponzi scheme, prosecutors said, collecting about $450,000 from investors from 2005 until late last year. She was arrested last week on charges of theft by deception and issuing bad checks, and is being held on $100,000 bond.

Predovan told her alleged victims that she worked for Soros in the 1980s. But Soros Fund Management says she never worked there, and Soros himself told the authorities that he had never heard of Predovan or the hedge fund she was marketing.

None of Predovan's "clients" have received any money, prosecutors said.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

Analyzing The Digital Footprint: What Operational Data Can Tell You About Future Risk

Mar 30 2017 | 3:38pm ET

Advances in technology and increasing operational complexity in search of higher...

 

From the current issue of