Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Arizona Man Sent to Prison for Posing as Hedge Fund Manager

Sep 24, 2013
Jing Chen

An Arizona man has been sentenced to six years in jail for fraud and tax invasion for portraying himself as a hedge fund manager to investors.

Business Journal reported that Scott Atkins will also pay $1.73 million in restitution to victims and owes nearly $271,000 to the Internal Revenue Service. He pleaded guilty to the charges in April.                        

Atkins allegedly defrauded more than 50 investors of $1.4 million after falsely presenting himself as a hedge fund manager and at times, an attorney.

Atkins will also serve three years of probation after his release from prison.                                                        

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