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Infinity Q founder indicted by US, charged with $1 billion hedge fund, mutual fund asset-overvaluation

( February 17, 2022, 18:04 GMT | Official Statement) -- MLex Summary: James Velissaris, founder and majority owner of Infinity Q Capital Management, a New York-based investment adviser that ran a hedge fund and mutual fund, was indicted and charged with criminal and civil fraud for allegedly overvaluing over-the-counter derivative assets by more than $1 billion and pocketing $26 million in fees. Velissaris, 37, of Atlanta, also was charged with lying to auditors and obstructing a US Securities and Exchange Commission investigation. The charges were filed by the US Attorney’s Office for the Southern District of New York, the SEC, and the US Commodity Futures Trading Commission.See documents below. ...

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