Hedge Funds

Yagalla's spoils auctioned off


Convicted hedge fund fraudster Mark Yagalla of the defunct Ashbury Capital Group, currently serving a five-year jail term for bilking investors out of millions in a Ponzi scheme that collapsed three years ago, will see some of the last vestiges of his financial empire hit the auction block by early November. The spoils include Yagalla's $1.7 million Las Vegas mansion, where the 20-something manager lived for a time with his former girlfriend and Playboy covergirl, Sandra Bentley. Proceeds of the government sale will help raise cash for Yagalla's victims who lost a combined total of $32 million.