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Former private equity executives sentenced to prison in US fraud case

By Samuel Rubenfeld ( May 10, 2025, 00:06 GMT | Insight) -- Two private equity executives were sentenced to prison today after they were convicted of defrauding investors by misrepresenting the performance of investment funds and the source of distribution payments. When imposing the sentences, US Judge Rachel Kovner said the original business idea was legitimate, but that the pair had resorted to fraud when the portfolio companies didn’t meet performance targets.Two private equity executives were sentenced to prison today after they were convicted of defrauding investors by misrepresenting the performance of investment funds and the source of distribution payments....

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