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Tuesday, February 19, 2013

MIT Prof. Sued Over Alleged Hedge Fund Fraud

MIT Prof. Sued Over Alleged Hedge Fund Fraud

George Crawford said Gabriel Bitran's fraud cost him $800,000. Crawford alleges that Bitran and his son lied about the quantitative strategies the former vice dean of the Sloan School of Business had allegedly created; the Securities and Exchange Commission said those strategies, like just about everything else the Bitrans told the people who invested more than $500 million with them, was a lie.
 

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