Tag: andrey hicks

Fake Hedge Fund Manager Andrey Hicks Gets 40 Months in Prison

hedge fund

Self claimed hedge fund manager Andrey Hicks sentenced 40 months in prison for investment scam.

Andrey Hicks
Andrey Hicks

Andrey Hicks, a 29-year-old college dropout, portrayed himself as an exclusive hedge fund manager, boasting about two Harvard degrees and impressive experience on Wall Street. The trim, clean-cut fellow allegedly defrauded 10 investors of $1.7 million by promising outsized returns via high-frequency trading at his fictitious Locust Offshore Fund.

SEC Bars 2 Hedge Fund Managers From Future Practice

SEC has issued orders against two hedge fund managers and an attorney banning them from further work in their respective fields. On Friday, the SEC barred Andrey Hicks “from association with an investment adviser, broker, dealer, municipal securities dealer, municipal…