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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...