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Pension Fund Manager Bilks Clients, Arrested Again.
Prominent pension fund manager Alan Bond has been charged with bilking three clients--two pension funds and an investment advisory group--out of $56 million. Over a 16-month period, Bond allegedly made $6.3 million by reallocating profitable trades to his personal account, while crediting unprofitable trades to the accounts of his clients. Bond already is facing an indictment for conspiracy, fraud, and ...
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Source: HighBeam Research, Pension Fund Manager Bilks Clients, Arrested Again.