Final Judgment Leveled in House Edge Fraud Case
Daily News; White Plains › January 11, 2006
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Summary
URBANA, Ill. (HedgeWorld.com) - On Aug. 22 the U.S. District Court for the Central District of Illinois entered a final judgment against defendants House Asset Management LLC and House Edge LP, bringing a three-year-old hedge fund fraud case to a close.
The final judgment ordered the defendants jointly and severally liable for US$2,914,796 in disgorgement and US$270,870 in prejudgment interest. Payment of all but US$1,375,767 of the amount was waived and the court did not impose a civil penalty against the defendants; before entering the final judgment, the court-appointed receiver for the defendants collected that amount and distributed it to former House Edge investors.See the full content of this document
Extract
Final Judgment Leveled in House Edge Fraud Case
The Aug. 22 judgment resolves all issues relating to the case against House Edge and House Asset Management.
The case stems from a Securities...See the full content of this document
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