Fugitive Hedge Fund Manager Caught
Missing for nearly 3 months, fugitive hedge fund manager Kirk Wright was caught on Wednesday in a Florida hotel. Wright disappeared after his hedge fund went under, and investors lost at least $100 million. The list of allegedly defrauded investors reads more like a sports roster:
His client list is top-heavy with athletes, active or retired. It includes ex-University of Georgia star Terrell Davis and one-time Denver Broncos teammate Steve Atwater, along with NBA standout Antawn Jamison and Georgia Tech alumnus Willie Clay.
Wright could find himself in jail for 20 years and paying $250,000 in fines. If you ever find yourself the victim of hedge fund fraud, here are some tips about how you can proceed.