Articles Tagged with Avi Chiat

Yasuna MurakamiPublicly available records published on May 22, 2017 indicate that the Securities and Exchange Commission (SEC) has filed charges against Massachusetts-based hedge fund Manager Yasuna Murakami in connection to alleged Ponzi-like payments and misappropriation of customer funds. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Murakami.

According to the SEC, Yasuna Murakami “misappropriated more than $8 million for business and personal expenses and made approximately $1.3 million in Ponzi-like payments to earlier investors as purported investment gains.” His business partner, Avi Chiat, has also been charged. The complaint alleges that Mr. Chiat “allegedly helped Murakami raise money from investors while providing fabricated account statements that grossly overstated investment performance while investors were losing millions of dollars due to unprofitable trading and Murakami’s misappropriation of funds.” Mr. Murakami has also been charged by the US Attorney’s Office for the District of Massachusetts with one count of wire fraud.

Mr. Murakami’s hedge fund, MC2 Capital Management LLC, has been identified in the complaint. He and Chait were charged with “aiding and abetting MC2 Capital Management, LLC’s and MC2 Canada Capital Management, LLC’s violations of the Investment Advisers Act,” according to an SEC release.

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