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Westgate Head Cuffed

Bloomberg reports that Westgate Capital founder James Nicholson has been taken into custody by FBI agents, for allegedly dabbling in some securities fraud as early as 2004. Westgate's only down month-- working under the assumption they're not messing with us-- was back in September 2001, when they returned -0.64%, which a reader suggests was out of necessity to be seen as patriotic.
Westgate Strategic Growth Fund [PDF]