Angelo Haligiannis Explained

Angelo Haligiannis managed the hedge fund Sterling Watters as a Ponzi scheme and pleaded guilty in 2005 of defrauding investors of tens of millions of dollars. He fled an expected 15-year jail term the day before his scheduled sentencing on January 11, 2006.[1] [2]

He was recaptured on the island of Crete in August, 2007, conditionally released by Greek authorities, and then arrested again in September of that year.[3]

References

  1. News: Kolker . Robert . Take the Hedge-Fund Money and Run . . October 23, 2006 . March 14, 2009.
  2. News: From Ponzi to Madoff . . March 13, 2009 . March 13, 2009 . Robert . Frank.
  3. News: Grohmann . Karolos . Former US hedge fund manager re-arrested in Greece . . September 20, 2007 . https://web.archive.org/web/20110605115131/http://www.asiaone.com/News/AsiaOne+News/World/Story/A1Story20070920-26224.html . dead . June 5, 2011 . March 14, 2009.

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