CFTC Fines ‘Fishy’ Hedge Fund Firm For Fraud
Sep 26 2007 | 1:07pm ET
One has to wonder about a firm that names itself after a flesh eating fish. The U.S. Commodity Futures Trading Commission said today that a federal court in California has fined Robert Joseph Beasley and his firm, Longboat Global Funds Management, for committing fraud by misrepresenting certain investments held by his commodity pool, Piranha Capital.
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