Tag: Nikolai Battoo
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BULLETIN: SEC: Asset Manager Hid Madoff Losses, Boasted ‘Benchmark-Beating Returns,’ Recruited New Investors, Missed Redemptions — And Blamed MF Global Collapse
EDITOR’S NOTE: Scams undermine faith in legitimate markets. This is a case in which a purportedly legitimate asset manager allegedly is using the sort of explanations/excuses commonly used by Ponzi-forum hucksters. ** ________________________________________________ ** BULLETIN:The SEC has gone to federal court in the Northern District of Illinois, alleging that asset manager Nikolai Battoo duped investors…