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April 24, 2013
Hedge Fund Promoters Defrauded Investors Says SEC

A Minnesota attorney and two San Francisco-area hedge fund promoters defrauded investors of more than $21 million by concealing the financial collapse of the fund's only borrower. The individuals raised more than $21 million from investors in the Capital Solutions Monthly Income Fund after the fund's sole business partner, Hennessy Financial, defaulted in May 2008, […]

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