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Posted on: July 12, 2018, 3:51 p.m.
The owner and manager of a New Jersey hedge fund who defrauded two investors out of $4 million is now headed to federal prison. Nicholas Lattanzio received a six-year sentence Thursday. He also must pay $3.93 million in restitution. The 62-year-old Montclair man was convicted of wire and securities fraud. Prosecutors say Lattanzio orchestrated a large-scale scheme through which he, his Black Diamond Capital Appreciation Fund and several other related entities collected millions in upfront fees from two corporate investors ... Full investment news article