Remember Mark Malik? Fake hedge fund manager who lied about 1) receiving a degree from Harvard 2) past performance 3) putting the money clients gave him towards actual investments? And instead spent it on toys, jewelry, and online dating memberships? And then when confronted by said clients trying to put in redemption requests, responded with emails like "you know I love you" and "stop your nonsense" and "go f*ck yourself" and "I am going deer hunting"? And in one instance, “I AM CRYING, I AM A HUMAN BEING…NOT A MONEY MAKING MACHINE, I HAVE FEELINGS AND DREAMS”? And then capped things off by faking his own death and notifying investors of his fake passing by conjuring a fake assistant named Courtney, who emailed to say "Mr. Malik has been [sic] passed away with the heart attack after accident. We will dissolve the fund shortly"? His lawyer would like to remind everyone that that last move is not a crime.
"He did a lot of bad things and wrong things and immoral things, perhaps. He didn't intend to steal," his lawyer Richard Verchick told a jury that will decide his fate in New York State Supreme Court. “He misappropriated funds, that’s completely clear. But he’s not charged with that,” Verchick said...On Tuesday, Malik's lawyer admitted he misappropriated funds and "puffed up his resume," but said these failings fall short of grand larceny, one of the many charges against him. Verchick also conceded that his client's behavior grew "weirder and stranger" over time. But he attributed that to Malik's desperate attempt to avoid failure rather than to cover up a crime — as the government has alleged.