|
|
Article: Hedge fund manager nabbed 'Sweet talker' from Castle Rock Trading charged with fraud.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- January 12, 2007
- Author:
CopyrightCOPYRIGHT 2007 Rocky Mountain News. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: James Paton, Rocky Mountain News
Castle Rock hedge fund manager Joseph Ferona, who disappeared in 2005 after regulators accused him of swindling investors, was caught outside a Texas health club and nailed with criminal charges.
Ferona, an avid weightlifter, was approaching his Austin-area gym just after 4 p.m. in mid-December when several federal agents surprised him, said Rene VonderHaar, an FBI spokeswoman.
Ferona pumped up his investment returns, making bogus claims his Global Prosperity Fund had recorded annual gains of more than 40 percent over a five-year span, court documents show. During a few of those years - 2000 to 2002 - most investors ...