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44°
Saturday, apr 27
Tag:
MG Capital Management
News
Former CEO From Connecticut Charged With Securities Fraud
A Fairfield County man has been arrested for alleged securities fraud in which he stole more than $50 million from hundreds of individuals. Eric Malley, age 50, of New Canaan, was arrested on Tuesday, Jan. 12, on charges of securities fraud and wire fraud for his role in a scheme to fraudulently induce hundreds of people to invest a total of more than $50 million in two real estate investment funds, said Audrey Strauss, acting US Attorney of the Southern District of New York. As alleged in the complaint unsealed Tuesday in Manhattan federal court, Malley founded MG Capital Management in Jan…