NY-AG v. Dean S. Mustaphalli

Dean S. Mustaphalli was convicted of operating a multi-million-dollar securities fraud scheme aimed at defrauding over 50 investors. Mustaphalli invested these individuals’ monies in his hedge fund without their knowledge or consent, bringing in more than $11 million between 2011 and 2016. According to NY-AG, Mustaphalli diverted his victims’ safe investment portfolios into a hedge fund he solely controlled and created fake email accounts for his clients.

Summary generated from official New York Attorney General press release