Friday, May 23, 2008

Investor Cheats His Own Mother

What would you think of an investor cheating his own mother? Pretty low, huh? Well Kirk Wright, age 37 of Marietta, Georgia is a former hedge fund manager. He was convicted Wednesday of leading an investment scheme that caused clients, ranging from former National Football League players to his mother, to lose millions of dollars while he spent the money on jewelry, real estate and a $500,000 wedding. He faces up to what amounts to a life sentence. His Atlanta company, International Management Associates, collected $150 million from thousands of client accounts.

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