Hedge Funds
Federal prosecutors have charged the former head of a Bellevue wealth management firm accused of running a Ponzi scheme with wire fraud and making false statements to the United States. Seattlepi.com reports charges against Summit Asset Strategies CEO Chris Young Yoo were unsealed Monday. Yoo’s attorney Michelle Peterson says her client will be pleading guilty as part of a plea deal. The charges are related to claims that he misled his firm’s clients while using new investments to […]