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Remember when Anthony Scaramucci made his triumphant return to the fund of hedge funds business by admitting he’d been conned by a bunch of frauds? Well, federal judges don’t look too kindly on those who rip off presidential aides, even comically short-lived and inept ones, no matter how remorseful they sound after the jury says “guilty.”

A federal judge handed down the 40-month sentence against Jeremy Shor, 48, who was convicted by a jury in July of fraudulently “mismarking” the value of fund holdings. Prosecutors said Premium Point co-founder Anilesh “Neil” Ahuja, who was also found guilty in July and faces sentencing next week, and portfolio manager Amin Majidi set inflated monthly targets for returns then ordered Shor and other traders to manipulate the valuations accordingly….

Failla rejected Shor’s claim that he was an unwilling participant in the fraud. “I think that Mr. Shor saw the cesspool pretty quickly and jumped right in,” she said.

Ex-Hedge Fund Trader Gets 40 Months for Mismarking Scheme [Bloomberg]



Prosecutors Sorry About Sending Defense Only A First Draft, Would Like To Keep Their Convictions, Please

Sure, the final version was way more damning to the hedge fund managers it helped send to jail, but, like, pretty please?


Geoffrey Berman Sure Was Bad At Turning Over Exculpatory Evidence

Luckily for (at least) one convicted hedge fund fraudster.


Hedge Fund Fraudster Sentenced To ‘Long Enough For People To Forget The Name You Were Dropping’ Years

It’s safe to say that boasting about managing the Genovese drug store fortune in 2032 will be even less of a draw to potential investors than it was in 2015.

By Federal Bureau of Prisons ( [Public domain], via Wikimedia Commons

Ex-Citadel COVID Scammer’s Lockdown Extended By Four Years

And relocated to bucolic, barbed-wired surroundings.