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USA v. Ahuja, et al.

  1. July 27, 2022

    Ex-Premium Point Exec Who Assisted Feds Avoids Prison

    A Manhattan federal judge handed down a no-prison sentence Wednesday to a former hedge fund executive who testified against his onetime boss, Premium Point Investments CEO Anilesh "Neil" Ahuja, in what the feds called a $100 million scheme to inflate mortgage debt valuations.

  2. April 22, 2022

    Hedge Funders Avoid Prison In Bungled SDNY Case

    A Manhattan federal judge on Friday sentenced two hedge fund traders previously convicted by a jury over an alleged $100 million mismarking scheme to no prison time, in an unusual agreed-upon resolution of a case that was marred by allegations of prosecutorial misconduct, leading to an order for a new trial.

  3. December 17, 2021

    SDNY Judge Says Feds Misled Her In Hedge Fund Case

    A hedge fund executive convicted of fraud should get a new trial because prosecutors withheld evidence that could have helped him, a Manhattan federal judge ruled Friday, delivering a scathing rebuke to prosecutors for giving "misleading and flat-out incorrect" answers about what they had.

  4. July 24, 2020

    Feds' Nondisclosure Tests Premium Point Judge's Patience

    A federal judge who oversaw the trial of former Premium Point Investments CEO Anilesh Ahuja warned prosecutors on Friday that they have one last shot to set the record straight about their involvement in drafting a cooperator's guilty plea after failing to disclose that fact during and after trial.

  5. July 07, 2020

    Convicted Hedge Fund Exec Claims SDNY Hid Evidence

    Convicted Former Premium Point Investments CEO Anilesh Ahuja says that a federal prosecutor in the Southern District of New York drafted a cooperator's guilty plea and then told a judge he didn't — a fact Ahuja claims casts doubt on the fairness of his trial.

  6. May 06, 2020

    Hedge Fund Exec, Trader Tell 2nd Circ. Trial Was Flawed

    Premium Point Investments' former CEO and a former senior trader are urging the Second Circuit to wipe out their fraud and conspiracy convictions on charges they vastly overstated investments' valuations, saying a "ban" on recross-examination and other surprises deprived them of a fair trial.

  7. March 03, 2020

    Ex-Hedge Fund CEO Fights 'Flawed' $110M Restitution Bid

    Convicted former Premium Point Investments CEO Anilesh "Neil" Ahuja challenged the government's $110 million request for restitution to investors harmed by his securities fraud scheme, telling a New York federal court the calculation was "fundamentally flawed" and should be closer to $7.8 million.

  8. November 25, 2019

    Ex-CEO Gets Over 4 Years For Cooking Hedge Fund's Books

    A Manhattan federal judge hit former Premium Point Investments CEO Anilesh "Neil" Ahuja with 50 months in prison Monday for directing a scheme to overinflate his fallen hedge fund's assets by $100 million, rejecting a defense argument that his underlings were responsible.

  9. November 18, 2019

    Ex-Hedge Fund Trader Gets 40 Months For Mismarking Fraud

    A Manhattan federal judge hit former Premium Point Investments trader Jeremy Shor with 40 months in prison Monday for what federal prosecutors called a scheme to overinflate the fallen hedge fund's assets by $100 million by soliciting fake price quotes from a corrupt broker.

  10. July 09, 2019

    Fund CEO's Alibi Straight Out Of 'Casablanca,' Feds Tell Jury

    A prosecutor likened Premium Point Investments CEO Anilesh "Neil" Ahuja's claim that he didn't know about fraud at his fallen hedge fund to "Casablanca," telling Manhattan jurors Tuesday the alibi is like a scene in the famed film where a corrupt policeman says he is "shocked, shocked" to learn of gambling under his nose.

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