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Hedge Fund, CEO To Pay $2.4M To Settle CFTC Fraud Suit

By Brian Mahoney ( August 27, 2012, 9:38 PM EDT) -- Hedge fund operator Cornerstone Capital Management LLC and its former CEO agreed Monday to fork over more than $2.4 million to settle a U.S. Commodity Futures Trading Commission fraud suit in Georgia federal court alleging the group misled investors about their fund's value. ...

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