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

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note