fbpx
Home Tags Michael Scronic

Tag: Michael Scronic

Michael Scronic sentenced to eight years in prison

Federal prosecutors wanted the court to imprison Scronic to twelve-and-a-half years for a $22 million Ponzi scheme. His attorney argued for no more than three years.

Michael Scronic consents to SEC ban in $22M hedge fund fraud

U.S. District Judge Cathy Seibel has given the SEC authority to file an order for “disgorgement of ill-gotten gains.”

Michael Scronic admits guilt in $22 million hedge fund scam

He was not registered as an investment adviser, the SEC says, and investors were putting money in a “fictitious hedge fund.”

Feds accuse Pound Ridge man of $20 million securities fraud

The money allegedly disappeared in bad trades and on personal expenses of more than $500,000 a year.