Vuk Vukovic, co-founder of New York-based hedge fund Oraclum Capital, has been charged by US prosecutors with securities and wire fraud over allegations that he misrepresented the performance of the firm’s investment fund to clients, according to a report by Bloomberg.
Federal prosecutors allege that Vukovic, 38, supplied investors with statements showing returns that were higher than those actually generated by the Orca Bason Fund. In one instance, he allegedly provided an investor with a fabri...
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