Thursday - September 4, 2025
Founder of Purported Artificial Intelligence-Powered Hedge Fund Sentenced to 30 Months in Prison
August 19, 2025
BROOKLYN, New York, Aug. 19 -- The office of the U.S. Attorney for the Eastern District of New York posted the following news release on Aug. 18, 2025:

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Founder of Purported Artificial Intelligence-Powered Hedge Fund Sentenced to 30 Months in Prison

Defendant Victimized Friends, Family, and Members of the Egyptian-American Coptic Christian Community in a $5.7 Million Ponzi Scheme

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Earlier today, in federal court in Brooklyn, . . .

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