Acting U.S. Attorney: Head of Investment Management Firm Sentenced to 85 Months In Prison In Connection With $18M Pre-IPO Securities Fraud Scheme
September 26, 2020
September 26, 2020
NEW YORK, Sept. 26 -- The office of the U.S. Attorney for the Southern District of New York issued the following news release on Sept. 25:
Audrey Strauss, the Acting United States Attorney for the Southern District of New York, announced today that FRED ELM, a/k/a "Frederic Elmaleh," the founder and manager of Elm Tree Investment Advisors LLC ("ETIA"), was sentenced today to 85 months in prison for participating in a scheme to defraud investors in multiple invest . . .
Audrey Strauss, the Acting United States Attorney for the Southern District of New York, announced today that FRED ELM, a/k/a "Frederic Elmaleh," the founder and manager of Elm Tree Investment Advisors LLC ("ETIA"), was sentenced today to 85 months in prison for participating in a scheme to defraud investors in multiple invest . . .