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Access here alternative investment news about Hedge fund manager James Fry gets 17 1/2 years in Petters fraud
Hedge Funds

Hedge fund manager James Fry gets 17 1/2 years in Petters fraud

by startribune.com posted 5years ago 5770 views
Fry’s investors lost $120 million when the $3.65 billion Ponzi scheme engineered by Petters and associates collapsed in September 2008. Before that, however, he collected $40 million in fees and commissions from the transactions he conducted with the Petters operation.