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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...