Hedge Funds
Tamer Moumen, 39, pleaded guilty May 12 to wire fraud in connection with his misuse of clients funds, some of which were invested through a purported hedge fund called Crescent Ridge Capital Partners.  U.S. Attorney for the Eastern District of Virginia Dana Boente announced. According to the statement of facts filed with the plea agreement, Moumen, of Leesburg, defrauded over 50 clients between 2012 and 2017. Moumen falsely told his clients he was a successful trader who consistently beat the S&P500 and was overseeing tens of millions of dollars through his company, Crescent Ridge Capital Partners. Moumen encouraged dozens of clients, many who...

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