SD, NJ men accused in hedge fund investment scam

Published



SIOUX FALLS, S.D. (AP) — A complaint filed by the Securities and Exchange Commission accuses a South Dakota man and his business partner of bilking investors out of millions of dollars.

Court documents allege 64-year-old Randy Hansen, of Sioux Falls, was the public face of RAHFCO Hedge Funds, and 41-year-old Vincent Puma, of New Jersey, concocted phony account statements to misrepresent their trading success.

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