Hedge Fund Manager Indicted for Running a $200 Million Mismarking Scheme

Posted on May 14th, 2018 at 2:25 PM
Hedge Fund Manager Indicted for Running a $200 Million Mismarking Scheme

From the Desk of Jim Eccleston at Eccleston Law LLC:

Hedge Fund Manager, Anilesh "Neil" Ahuja, CEO of Premium Point Investments LP was indicted on charges of securities fraud, wire fraud, and conspiracy in New York federal court. Moreover, two of Ahuja’s colleagues, Amin Majidi and Jeremy Shor were also indicted on similar charges.

From 2014 through 2016, Ahuja and his colleagues made their fund appear more attractive to would-be investors by mismarking the value of two of their key fund products; Premium Point's flagship mortgage credit fund and a related fund geared toward retirement accounts. Furthermore, mismarking the funds allowed Ahuja to charge higher management fees and forestall redemptions by disguising the fund's true performance.

As a result of the mismanagement of the hedge fund, Premium Point filed for Chapter 15 bankruptcy this March.

Eccleston Law is investigating this fraud. Those with information should contact our law firm.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

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