News: Page (1) of 1 - 11/17/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook

Florida man charged in NY investment-fraud case

Florida man charged in NY fraud case is accused of living lavishly with investors' money By The Associated Press

NEW YORK (AP) ' A mutual fund chairman has been arrested in Florida on fraud charges brought in New York City.

John Mattera was arrested Thursday at his home in Fort Lauderdale, Fla., on charges that he duped people who invested millions of dollars with his Praetorian Global Fund Limited.

A criminal complaint filed in federal court in Manhattan accuses him of telling investors they would get early shares in companies such as Facebook Inc. and Groupon Inc.



The complaint says he didn't buy shares in those companies. It says he transferred millions of dollars into accounts to support a lavish lifestyle.

Court papers say Mattera spent some of the money on jewelry, interior decorating and luxury cars for himself and his family.

It was not immediately clear who would represent Mattera in court.


Page: 1


Related Keywords:Investment Fraud Charges,Fraud and false statements,Crime,General news,Corporate crime,Corporate news,Business,Corporate management,Personnel,Financial services,Industries

[ServletException in:/common/ads/links.jsp] Unable to load class for JSP'

Our Privacy Policy --- @ Copyright, 2015 Digital Media Online, All Rights Reserved