South Dakota Ponzi Schemer Gets Nine Years

May 20 2014 | 2:29pm ET

A federal judge has thrown the book at a South Dakota hedge fund fraudster.

Randy Hansen was sentenced yesterday to nine years in prison. Hansen was convicted in January of ripping off investors in his RAHFCO hedge funds to the tune of $18 million in a Ponzi scheme.

Prosecutors had sought 11 years or more for Hansen.

Hansen’s co-conspirator, Anthony Johnson, is already doing time for the crime.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of