Hedge Funds

FBI papers unveil hidden fund launch

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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.