Hedge Funds

FBI papers unveil hidden fund launch


The Federal Bureau of Investigation has joined the growing number of new entrants to the hedge fund market. Court documents recently unsealed show that the FBI created a fake hedge fund, Centurion Consulting, in May of last year as part of an investigation into foreign exchange and securities fraud. The FBI got involved after learning from a witness about forex scams. The investigation, held in conjunction with the Commodity Futures Trading Commission and the Securities and Exchange Commission, has resulted in the arrest of 47 individuals.