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Tuesday, dec 17
Tag:
Sentinel Growth Fund Management
News
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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