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Fairfield County Investment Fund Co-Founder Admits To Multimillion-Dollar Fraud Scheme Fairfield County Investment Fund Co-Founder Admits To Multimillion-Dollar Fraud Scheme
Fairfield County Investment Fund Co-Founder Admits To Multimillion-Dollar Fraud Scheme The former co-founder of a multi-million dollar hedge fund has admitted that he lied to his investors and misappropriated nearly $20 million as part of a Ponzi scheme. Jason Rhodes of Fairfield County pleaded guilty to securities fraud, wire fraud, investment adviser fraud, and conspiracy charges in connection with his participation in a scheme to defraud approximately 25 investors in Sentinel Growth Fund Management, a hedge fund he co-founded.  In total, he bilked investors out of approximately $19.6 million by lying to them and using investor funds for his own personal use and t…

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by Zak Failla
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Investment Fund Co-Founder From Rowayton Charged In $20 Million Fraud Scheme Investment Fund Co-Founder From Rowayton Charged In $20 Million Fraud Scheme
Investment Fund Co-Founder From Rowayton Charged In $20 Million Fraud Scheme The former co-founder of a multi-million dollar hedge fund is facing charges claiming that he lied to his investors and misappropriated nearly $20 million as part of a Ponzi scheme. Jason Rhodes of Fairfield County was arrested on Tuesday morning on conspiracy, securities fraud, wire fraud, and investment adviser fraud charges.  The charges stem from his participation in an elaborate scheme to defraud investors in the hedge fund and using investor funds to repay earlier investors in a Ponzi-like manner. Beginning in November 2013, Rhodes, a resident of the village of Rowayton in Norwalk, a…

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by Zak Failla