SEC Slaps Twitter-Happy 'hedgieguy' With Fraud Lawsuit

Aug 15 2013 | 12:35pm ET

The Securities and Exchange Commission has sued a Twitter-loving hedge fund manager for allegedly ripping investors off of more than $1 million.

Anthony Davian misappropriated more than two-thirds of the $1.5 million he raised for his Akron, Ohio-based Davian Capital Advisors, the SEC said. Davian, better known to Twitter followers as @hedgieguy, allegedly used the money to finance a lavish lifestyle.

The SEC's lawsuit, filed yesterday, comes after a June raid by the U.S. Secret Service and U.S. Postal Service. Davian may have attempted suicide thereafter; he was hospitalized with carbon monoxide poisoning after his wife found him passed out in his car.

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