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Are You Not Supposed To Use Client Funds On Private Jets, Move Money Between Onshore And Offshore Accounts?

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If so, no one ever told Perry Gruss.

US market regulators yesterday sued the former CFO of a multibillion-dollar hedge fund founded by Daniel Zwirn, accusing him of improperly transferring $870 million between the fund's accounts. The lawsuit filed by the Securities and Exchange Commission accused Perry Gruss, of the now defunct hedge fund D.B. Zwirn & Co. of improperly transferring money between onshore and offshore accounts and for using client money to pay for a private plane.

[NYP]

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