Benchmark Asset Management Marc Duchesne

Marc Duchesne

Benchmark Asset Management Case

Another hedge fund manager, Marc Duchesne of Benchmark Asset Management was sent to jail this last week after using his client's money for personal gifts instead of portfolio investments. Below please find some notes on this case:

A British hedge fund manager accused of swindling investors out of £15 million was sentenced to four and half years in prison on Friday.

Marc Duchesne pleaded guilty to conspiracy to defraud at his trial in London. According to prosecutors, he repeatedly told investors in his Benchmark Asset Management that their money was safe, while in fact using it to fund a lavish lifestyle. source

For details on additional hedge fund fraud cases or general information on hedge fund regulation and compliance please visit our Hedge Fund Regulation Corner.

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