Fraudster Gets 18-Months In Pokey

Sep 14 2006 | 12:00am ET

A phony hedge fund manager in Kansas has been sentenced to 18 months in prison for defrauding investors out of $1.7 million.

Scott Brian Kaye was convicted of swindling 17 investors in his TrueHedge Capital Partners, allegedly using a half-million of their dollars to build himself a swanky house in Wichita and losing most of the rest on speculative investments.

When he gets out of jail, the sentencing judge recommended he pay restitution as part of his two-year supervised release period.

No word on what he’ll do to make a dent in that debt.


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Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.