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Co-Founder and CEO of Investment Fund Charged in $294 Million Securities Fraud Conspiracy
September 30, 2025
NEWARK, New Jersey, Sept. 30 -- The office of the U.S. Attorney for the District of New Jersey posted the following news release:

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Co-Founder and CEO of Investment Fund Charged in $294 Million Securities Fraud Conspiracy

TRENTON, N.J. - A former co-founder and top executive of Prophecy Asset Management LP was arraigned today on charges of conspiring to defraud dozens of victim investors out of $294 million in funds, Acting U.S. Attorney and Special Att . . .

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