Self claimed hedge fund manager Andrey Hicks sentenced 40 months in prison for investment scam.
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.
Andrey Hicks said Ernst & Young was the hedge fund’s auditor while Credit Suisse served as its prime broker and custodian. The accountants did not audit the fund and Credit Suisse said it had no records of accounts held by Locust Offshore Fund.