A former hedge fund manager was convicted Wednesday of leading an investment scheme that caused clients, ranging from former NFL players to his mother, to lose millions of dollars while he spent the money on jewelry, real estate and a $500,000 wedding.
Kirk Wright, 37, of Marietta, Ga., faces up to what amounts to a life sentence after a federal jury found him guilty of mail fraud, securities fraud and money laundering.
The charges relate to the 2006 collapse of Wright's Atlanta-based hedge fund company, International Management Associates.
According to authorities, Wright and his company collected more than $150 million spread across thousands of client accounts since 1997 and used false statements and documents to mislead some of them to believe the value of those investments was increasing. Much of that money is missing.
CLICK it .............DAYUM that's alot of cash to steal off ppl.........and his own mom, yeah i'm pretty sure he's gonna burn in hell !!!
i'm out have a kicken day
ck0712
Original Story:
http://sports.espn.go.com/nfl/news/story....
Kirk Wright, 37, of Marietta, Ga., faces up to what amounts to a life sentence after a federal jury found him guilty of mail fraud, securities fraud and money laundering.
The charges relate to the 2006 collapse of Wright's Atlanta-based hedge fund company, International Management Associates.
According to authorities, Wright and his company collected more than $150 million spread across thousands of client accounts since 1997 and used false statements and documents to mislead some of them to believe the value of those investments was increasing. Much of that money is missing.
CLICK it .............DAYUM that's alot of cash to steal off ppl.........and his own mom, yeah i'm pretty sure he's gonna burn in hell !!!
i'm out have a kicken day
ck0712
Original Story:
http://sports.espn.go.com/nfl/news/story....
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