SEC to Reward Whistleblowers in Hedge Fund Fraud Case Against Andrey Hicks and His Hedge Fund Locust Offshore Management LLC.
SEC to reward whistleblowers in case against Andrey Hicks and hedge fund Locust Offshore Management LLC. SEC obtained an asset freeze against a Massachusetts hedge fund manager and his investment advisory firm in 2011. But now the SEC has said that it will award whistleblowers 15% of whatever it can collect from Andrey C. Hicks and Locust Offshore Management LLC. Andrey Hicks was charged with misleading investors in a supposed quantitative hedge fund and diverting portions of investor money into his personal bank account