Ex-Hedge-Fund Manager Hochfeld Pleads Guilty to Fraud
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Former Hochfeld Capital Management manager Berton Hochfeld pleaded guilty to securities fraud and wire fraud charges related to an investment scheme, U.S. prosecutors said.
Hochfeld, 66, who managed the $6 million Hepplewhite Fund, admitted in a hearing yesterday before U.S. District Judge Paul Crotty that he stole more than $1 million from investors, according to a statement from the office of U.S. Attorney Preet Bharara in Manhattan.