Hedge Fund Sorry Former Managing Member Was Such A Cliché Vis-à-Vis Fraud

WestEnd Capital Management’s Sean Cooper allegedly took a few hundred thousand dollars more than he was entitled to. Guess where half of it went?

WestEnd Capital Management’s Sean Cooper treated the hedge fund like a personal piggy bank, the Securities and Exchange Commission alleges, siphoning off more than $320,000 in investor funds. More than half of that when towards a “$187,000 Porsche,” the SEC said.

Hedge Fund Manager Accused Of Stealing To Buy Porsche [FINalternatives]