Alexander James Trabulse
Alexander James Trabulse | Fraud Case
While nothing has been proven yet the FBI arrested another hedge fund professional in San Francisco for fraud. Here are a few quotes about the case which sums up what happened:
In 2006, about 165 investors had invested $17.6 million in the Fahey Fund or Fahey Financial Group, investigators said. Trabulse misled those investors into believing that their investments were worth $50 million when in fact they were worth $12 million, authorities said.
The SEC said Trabulse misused fund assets to pay for personal expenses and to buy cars, a $25,000 home theater system and his ex-wife's overseas shopping allowance. Trabulse let his daughter use a debit card linked to one of the fund's bank accounts to buy furniture, airline tickets and to pay for her 2007 honeymoon in Panama, the commission said. source
Related to Alexander James Trabulse | Hedge Fund Fraud Case
Tags: Alexander James Trabulse | Hedge Fund Fraud Case, Alexander James Trabulse, Alexander James Trabulse Hedge Fund Manager, Alex Trabulse Hedge Fund Company
While nothing has been proven yet the FBI arrested another hedge fund professional in San Francisco for fraud. Here are a few quotes about the case which sums up what happened:
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