Calif. ‘Hedge Fund Manager’ Accused Of Every Fraud In The Book

Nov 9 2006 | 11:40am ET

An Oakland, Calif., man has been accused of perpetrating just about every hedge fund scam imaginable, allegedly stealing millions from his “clients.”

The Securities and Exchange Commission has filed fraud charges against Edward Ehee, alleging, among other things, that he misappropriated investor funds, raised money for four years after shuttering his investment operations, produced phony documentation, including bogus audit statements, and ran a Ponzi scheme, to boot. Ehee’s assets, as well as those of his wife, brother, father and “investment advisory firms,” were frozen yesterday by a federal court in San Francisco.


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