Nearly 1,000 Investors Across The World Defrauded Out Of $294 Million
Former managing director of a hedge fund (that was forced into receivership by U.S. government regulations), Philip Baker, was sentenced this month to 20 years in prison for fraudulently soliciting and obtaining around $294 million from around 900 investors across the world. Baker, who controlled Lake Shore Asset Management, and the Lake Shore Group of …